Annex Advisory Services 13F: New $8.5M Stake in ExxonMobil (XOM)

Annex Advisory Services has opened a new position in ExxonMobil Holdings Corporation (NYSE: XOM), acquiring 52,271 shares valued at approximately $8.51 million in a filing on October 16, 2026.

What Changed in Annex Advisory Services's ExxonMobil Position

The firm initiated a new stake in ExxonMobil, adding 52,271 shares to its portfolio. This new position represents a significant entry into the energy sector for Annex Advisory Services.

Other Institutional Activity in ExxonMobil

Several other institutional funds have shown interest in ExxonMobil recently. B. Riley Wealth Advisors opened a new position, acquiring 57,085 shares valued at about $9.29 million. Kmg Fiduciary Partners also took a new stake with 12,914 shares worth $2.1 million. Additionally, IFM Investors increased its position by 2.6%, adding 23,980 shares to reach a total of 960,084 shares.

ExxonMobil Holdings Corporation Stock Up 0.8%

As of October 16, 2026, ExxonMobil traded at $178.43. This price is about equal to its 52-week high of $178.69, which indicates strong performance. The stock is currently above its 50-day moving average by 9.3% and 17.8% above its 200-day moving average, suggesting a solid upward trend.

Recent Earnings

ExxonMobil reported trailing twelve-month revenue of $361.06 billion, showing a year-over-year growth of 44.1%. Its net margin stands at 9.1%, and return on equity is at 12.6%. The company is set to announce its next earnings on October 30, 2026.

Insider Buying and Selling at ExxonMobil Holdings Corporation

Insider transactions have shown some activity as well. Officer Darrin L Talley sold 5,000 shares on February 2, 2026, worth approximately $698,753. Earlier in the year, he sold additional shares on several occasions, including 3,230 shares on February 9 for about $481,835, and 2,150 shares on March 2 for around $339,313.

Analysts Set New Price Targets

On October 15, 2026, Morgan Stanley maintained an Overweight rating for ExxonMobil with a price target of $185. This follows their previous target of $177. Other analysts, such as TD Cowen and Piper Sandler, have also maintained their ratings, with targets of $180 and $185 respectively. The consensus among 22 analysts is a buy recommendation with a mean target price of $174.

About ExxonMobil

ExxonMobil Holdings Corporation is a major player in the energy sector, involved in the exploration and production of crude oil and natural gas. The company is organized into various segments, including Upstream, which focuses on oil and gas production, and Energy Products that offers fuels and catalysts. Its recent filings reflect increased institutional interest, signaling confidence in its operations amid a volatile market.

Bottom Line

As Annex Advisory Services builds its position in ExxonMobil, investor attention is drawn to the firm's performance and upcoming earnings report on October 30, 2026. This filing reflects holdings as of the reporting period and may not represent the investor's current position. Watch for further developments and any additional filings from major institutional investors in the coming weeks. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.