Oil Stocks Top PNC Financial’s $3.4 Billion Invested in Basic Materials Sector

Wall St. Watchdog reveals information regarding PNC Financial Services Group’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 341 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $3.436 billion.

  • Exxon Mobil Corp. (NYSE:XOM): On 06/30/2011, PNC Financial Services Group reported holding 19,069,627 shares with a market value of $1,551,886,193. This comprised 3.84% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 18,761,160 shares with a market value of $1,362,622,999. This comprised 3.91% of the total portfolio. The net change in shares for this position over the two quarters is -308,467. About Company: Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis. The Company’s operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.
  • Chevron Corp. (NYSE:CVX): On 06/30/2011, PNC Financial Services Group reported holding 5,929,861 shares with a market value of $609,826,884. This comprised 1.51% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 5,880,079 shares with a market value of $544,436,493. This comprised 1.56% of the total portfolio. The net change in shares for this position over the two quarters is -49,782. About Company: Chevron Corporation is an integrated energy company with operations in countries located around the world. The Company produces and transports crude oil and natural gas. Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.
  • Ei Dupont De Nemours & Co. (NYSE:DD): On 06/30/2011, PNC Financial Services Group reported holding 4,502,259 shares with a market value of $243,347,096. This comprised 0.6% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 4,700,116 shares with a market value of $187,863,642. This comprised 0.54% of the total portfolio. The net change in shares for this position over the two quarters is 197,857. About Company: E. I. du Pont de Nemours and Company is a global chemical and life sciences company, with businesses that include agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. The Company operates globally and offers a wide range of products and services for markets including agriculture and food, building and construction, electronics and communications.
  • Conocophillips (NYSE:COP): On 06/30/2011, PNC Financial Services Group reported holding 2,190,509 shares with a market value of $164,704,377. This comprised 0.41% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 2,233,436 shares with a market value of $141,421,167. This comprised 0.41% of the total portfolio. The net change in shares for this position over the two quarters is 42,927. About Company: ConocoPhillips is an international, integrated energy company which operates in several business segments. The Company explores for and produces petroleum, and refines, markets, supplies, and transports petroleum. ConocoPhillips also gathers and processes natural gas, and produces and distributes chemicals and plastics.
  • Schlumberger Limited (NYSE:SLB): On 06/30/2011, PNC Financial Services Group reported holding 2,092,712 shares with a market value of $180,810,320. This comprised 0.45% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 2,028,495 shares with a market value of $121,162,005. This comprised 0.35% of the total portfolio. The net change in shares for this position over the two quarters is -64,217. About Company: Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.
  • Bp Plc (NYSE:BP): On 06/30/2011, PNC Financial Services Group reported holding 1,980,348 shares with a market value of $87,709,615. This comprised 0.22% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 1,955,048 shares with a market value of $70,518,581. This comprised 0.2% of the total portfolio. The net change in shares for this position over the two quarters is -25,300. About Company: BP plc is an oil and petrochemicals company. The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP’s chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene.
  • National Oilwell Varco Inc. (NYSE:NOV): On 06/30/2011, PNC Financial Services Group reported holding 1,659,452 shares with a market value of $129,785,739. This comprised 0.32% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 1,364,499 shares with a market value of $69,889,640. This comprised 0.2% of the total portfolio. The net change in shares for this position over the two quarters is -294,953. About Company: National Oilwell Varco Inc. designs, manufactures, and sells machinery, equipment, and downhole products used in oil and gas drilling and production. The Company also provides oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry.
  • Praxair Inc. (NYSE:PX): On 06/30/2011, PNC Financial Services Group reported holding 707,693 shares with a market value of $76,706,844. This comprised 0.19% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 695,514 shares with a market value of $65,016,651. This comprised 0.19% of the total portfolio. The net change in shares for this position over the two quarters is -12,179. About Company: Praxair, Inc. supplies gas to industries primarily located in North and South America. The Company produces, sells, and distributes atmospheric gases including oxygen, nitrogen, argon, and rare gases, as well as process gases including carbon dioxide, helium, hydrogen, electronics gases, and acetylene. Praxair also supplies metallic and ceramic coatings and powders.
  • Apache Corp. (NYSE:APA): On 06/30/2011, PNC Financial Services Group reported holding 919,073 shares with a market value of $113,404,417. This comprised 0.28% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 743,312 shares with a market value of $59,643,353. This comprised 0.17% of the total portfolio. The net change in shares for this position over the two quarters is -175,761. About Company: Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The Company has operations in North America, onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea (North Sea), and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego.
  • Baker Hughes Incorporated (NYSE:BHI): On 06/30/2011, PNC Financial Services Group reported holding 711,182 shares with a market value of $51,603,364. This comprised 0.13% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 1,036,181 shares with a market value of $47,819,755. This comprised 0.14% of the total portfolio. The net change in shares for this position over the two quarters is 324,999. About Company: Baker Hughes Incorporated supplies reservoir-centered products, services, and systems to the worldwide oil and gas industry. The Company provides products and services for oil and gas exploration, drilling, completion, and production. Baker Hughes also manufactures and markets a variety of roller cutter bits and fixed cutter diamond bits.

(Note: Data regarding PNC Financial Services Group’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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