Banque Pictet & Cie 13F: New $6.8M Stake in ExxonMobil (XOM)

Banque Pictet & Cie has opened a new position in ExxonMobil Holdings Corporation (NYSE: XOM), acquiring 41,805 shares valued at about $6.8 million in a filing on October 16, 2026. This move adds to the interest in ExxonMobil, which has seen other firms also take new positions in the same quarter.

What Changed in Banque Pictet & Cie's ExxonMobil Position

Banque Pictet & Cie took a new position in ExxonMobil with 41,805 shares. This marks a brand-new stake for the firm.

Other Institutional Activity in ExxonMobil

Several other institutional investors have also made moves in ExxonMobil recently. Annex Advisory Services opened a new position, acquiring 52,271 shares valued at about $8.5 million. Trust Co of Toledo Na took a new stake as well, buying 77,815 shares worth around $12.6 million. Additionally, TCV Trust & Wealth Management also reported taking a new position, reflecting growing interest in the energy sector.

ExxonMobil Holdings Corporation Stock Up 0.8%

ExxonMobil shares recently traded around $178.43, which is about equal to its 52-week high of $178.69. The stock is currently above its 50-day moving average by 9.3% and its 200-day moving average by 17.8%, suggesting it has strong upward momentum in recent weeks.

Recent Earnings

ExxonMobil reported trailing twelve-month revenue of approximately $361.1 billion, showing a year-over-year growth rate of 44.1%. The company's earnings per share (EPS) stands at $7.77, and it has a net margin of 9.1%. The next earnings report is due on October 30, 2026.

Insider Buying and Selling at ExxonMobil Holdings Corporation

Darrin L Talley, an officer at ExxonMobil, sold a total of 10,460 shares in several transactions earlier this year. On February 2, he sold 5,000 shares, valued at around $698,753. He made additional sales in February and March, totaling over $1.4 million in value from shares sold.

Analysts Set New Price Targets

On October 15, 2026, Morgan Stanley maintained an Overweight rating for ExxonMobil, raising its price target to $185, up from $177. Similarly, TD Cowen maintained a Buy rating with a target of $180. The consensus among analysts is a Buy rating with a mean target price of around $174.

About ExxonMobil

ExxonMobil Holdings Corporation engages in the exploration and production of crude oil and natural gas across the globe. Its operations include various segments such as Upstream, Energy Products, and Chemical Products. As the stock attracts significant institutional interest, it continues to be a major player in the energy market.

Bottom Line

Investors should keep an eye on ExxonMobil, especially with its next earnings report coming on October 30, 2026. Recent institutional filings suggest a growing interest in the stock, which was reflected in the latest 13F filings. Note that the reported positions reflect holdings as of the end of the reporting quarter and may not represent the current situation. 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.