Assenagon Asset Management S.A. 13F: New $376M Stake in XOM

Assenagon Asset Management S.A. opened a brand-new position in ExxonMobil Holdings Corporation (NYSE: XOM), purchasing 2,311,692 shares during the period. According to the firm's Form 13F filing with the Securities and Exchange Commission on October 15, 2026, the newly initiated stake was valued at approximately $376.2 million. Because 13F filings are backward-looking reports, these numbers reflect portfolio holdings as of the end of the reporting quarter and may not represent the investor's current position today.

Other Institutional Activity in ExxonMobil

Other large institutional investors adjusted their holdings in ExxonMobil around the same time. Blackrock Inc. grew its holdings by 12,005,948 shares, ending with 334,746,496 shares worth about $59,912,926,423 following a 3.7% increase. Vanguard Capital Management LLC trimmed its stake by 461,028 shares, leaving it with 270,731,921 shares valued at about $48,455,598,063 after a 0.2% decrease. State Street Corporation reduced its position by 7,101,927 shares, or 3.3%, ending with 206,811,526 shares worth about $37,015,126,039. FMR, LLC cut its holdings by 2,268,080 shares, down 1.6% to 137,736,841 shares valued at about $24,652,139,213. Finally, Vanguard Portfolio Management LLC added 1,063,791 shares, growing its stake by 0.9% to 116,693,258 shares worth about $20,885,758,818.

ExxonMobil Holdings Corporation Stock Up 0.8%

ExxonMobil shares recently traded around $178.43 as of October 16, 2026. The stock is trading about 9.3% above its 50-day moving average of $163.21 and roughly 17.8% above its 200-day moving average of $151.43. The recent price sits right near its 52-week high of $178.69 and well above its 52-week low of $111.18.

Recent Earnings

For its trailing twelve months, ExxonMobil reported $361.06 billion in revenue and earnings of $7.77 per share. The company posted a net margin of 9.1% and a return on equity of 12.6%. Its year-over-year revenue growth stood at 44.1%. The company's next earnings report is scheduled for October 30, 2026.

Dividend

ExxonMobil pays an annual dividend yielding 2.36%, backed by a payout ratio of 52.5%.

Insider Buying and Selling at ExxonMobil Holdings Corporation

Company insiders executed several sales earlier in the year. On February 2, 2026, officer Darrin L Talley sold 5,000 shares for a total value of $698,753. On February 9, 2026, Talley sold 3,230 shares at an average price of $149.18, totaling $481,835. Later, on March 2, 2026, Talley sold 2,150 shares at $157.82 per share for a total of $339,313. On March 16, 2026, Talley sold another 1,080 shares at $155.50 each, amounting to $167,935. None of these transactions were noted as part of a Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street firms have actively updated their outlooks on ExxonMobil. On August 19, 2026, Morgan Stanley maintained its Overweight rating while raising its price target from $168.00 to $177.00. On September 3, 2026, Piper Sandler maintained a Neutral rating and lifted its target from $158.00 to $185.00. On September 28, 2026, TD Cowen maintained a Buy rating and raised its target from $168.00 to $180.00. Wells Fargo downgraded the stock to Equal-Weight with an $182.00 target on October 1, 2026. On October 15, 2026, Morgan Stanley maintained its Overweight rating and bumped its price target higher from $177.00 to $185.00. Across 22 analyst opinions, the stock carries a consensus recommendation of buy with a mean price target of $174.00.

About ExxonMobil

Headquartered in Spring, Texas, ExxonMobil Holdings Corporation explores for and produces crude oil and natural gas across the United States, Canada, and international markets. The integrated energy company operates multiple business segments spanning upstream exploration, energy products, chemicals, and specialty goods, making it one of the largest publicly traded energy corporations in the world.

Bottom Line

Assenagon Asset Management's decision to establish a major new position highlights institutional appetite heading into the company's upcoming earnings release on October 30, 2026. Investors should remember that 13F filings show past holdings and may not reflect current trading activity.