Wells Fargo Co.’s Heaviest Q3 Basic Materials Stock Holdings: XOM, CVX, PX, COP, GOLD

Wall St. Watchdog reveals information regarding Wells Fargo Co.’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 496 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $13.316 billion.

  • Exxon Mobil Corp. (NYSE:XOM): On 06/30/2011, Wells Fargo Co. reported holding 21,318,270 shares with a market value of $1,734,880,754. This comprised 1.19% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 20,508,392 shares with a market value of $1,489,524,455. This comprised 1.22% of the total portfolio. The net change in shares for this position over the two quarters is -809,878. 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, Wells Fargo Co. reported holding 11,289,303 shares with a market value of $1,160,991,879. This comprised 0.8% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 10,797,545 shares with a market value of $999,744,652. This comprised 0.82% of the total portfolio. The net change in shares for this position over the two quarters is -491,758. 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.
  • Praxair Inc. (NYSE:PX): On 06/30/2011, Wells Fargo Co. reported holding 4,635,284 shares with a market value of $502,418,430. This comprised 0.35% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 5,736,859 shares with a market value of $536,281,599. This comprised 0.44% of the total portfolio. The net change in shares for this position over the two quarters is 1,101,575. 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.
  • Conocophillips (NYSE:COP): On 06/30/2011, Wells Fargo Co. reported holding 10,401,975 shares with a market value of $782,124,526. This comprised 0.54% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 7,186,179 shares with a market value of $455,028,852. This comprised 0.37% of the total portfolio. The net change in shares for this position over the two quarters is -3,215,796. 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.
  • Randgold Resources Ltd. (NASDAQ:GOLD): On 06/30/2011, Wells Fargo Co. reported holding 5,632,884 shares with a market value of $473,443,917. This comprised 0.33% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 4,574,857 shares with a market value of $442,480,175. This comprised 0.36% of the total portfolio. The net change in shares for this position over the two quarters is -1,058,027. About Company: Randgold Resources Limited is a gold mining and exploration company. The Company conducts gold mining operations in regions throughout the gold regions of Africa.
  • Occidental Petroleum Corporation (NYSE:OXY): On 06/30/2011, Wells Fargo Co. reported holding 6,043,068 shares with a market value of $628,720,800. This comprised 0.43% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 5,619,346 shares with a market value of $401,783,239. This comprised 0.33% of the total portfolio. The net change in shares for this position over the two quarters is -423,722. About Company: Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas. The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power.
  • Schlumberger Limited (NYSE:SLB): On 06/30/2011, Wells Fargo Co. reported holding 5,972,443 shares with a market value of $516,019,084. This comprised 0.35% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 6,179,847 shares with a market value of $369,122,258. This comprised 0.3% of the total portfolio. The net change in shares for this position over the two quarters is 207,404. 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.
  • Pioneer Natural Resources Co. (NYSE:PXD): On 06/30/2011, Wells Fargo Co. reported holding 4,199,504 shares with a market value of $376,149,572. This comprised 0.26% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 4,817,602 shares with a market value of $316,853,667. This comprised 0.26% of the total portfolio. The net change in shares for this position over the two quarters is 618,098. About Company: Pioneer Natural Resources Company is an independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations primarily in the United States.
  • Baker Hughes Incorporated (NYSE:BHI): On 06/30/2011, Wells Fargo Co. reported holding 5,691,285 shares with a market value of $412,959,626. This comprised 0.28% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 6,818,183 shares with a market value of $314,659,156. This comprised 0.26% of the total portfolio. The net change in shares for this position over the two quarters is 1,126,898. 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.
  • Interoil Corporation (NYSE:IOC): On 06/30/2011, Wells Fargo Co. reported holding 6,060,604 shares with a market value of $354,605,930. This comprised 0.24% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 6,303,048 shares with a market value of $307,399,654. This comprised 0.25% of the total portfolio. The net change in shares for this position over the two quarters is 242,444. About Company: InterOil Corporation is an integrated oil and gas company. The Company produces jet fuel, diesel and gasoline for the domestic market and light naphtha and mixed naphtha for international markets. Interoil owns oil refinery, upstream petroleum exploration licenses and retail, and commercial distribution assets.

(Note: Data regarding Wells Fargo Co.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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