Frank, Rimerman Advisors 13F: New $9.3M Stake in ExxonMobil (XOM)

Frank, Rimerman Advisors has taken a new position in ExxonMobil Holdings Corporation (XOM) as disclosed in a filing on October 16, 2026. The firm acquired 57,413 shares valued at about $9.3 million. This move indicates growing interest in the energy sector as the firm opens its stake in one of the industry's key players.

What Changed in Frank, Rimerman Advisors' ExxonMobil Position

Frank, Rimerman Advisors has opened a new position in ExxonMobil, acquiring 57,413 shares. This is a brand-new stake, and there is no previous holding reported.

Other Institutional Activity in ExxonMobil

During the same quarter, other institutional investors also showed interest in ExxonMobil. Blackrock Inc. increased its stake by 12,005,948 shares, bringing its total to 334,746,496 shares valued at approximately $59.9 billion. Meanwhile, Vanguard Capital Management LLC reduced its holdings by 461,028 shares, ending with 270,731,921 shares valued at about $48.5 billion. State Street Corporation also trimmed its position by 7,101,927 shares, resulting in 206,811,526 shares worth roughly $37.0 billion.

ExxonMobil Holdings Corporation Stock Up 0.8%

ExxonMobil is currently trading around $178.43, which is above its 50-day moving average by 9.3% and above its 200-day moving average by 17.8%. The stock is approximately equal to its 52-week high of $178.69, showing strong performance in a competitive market.

Recent Earnings

ExxonMobil reported a trailing twelve-month revenue of about $361.1 billion, with a net margin of 9.1%. The company has a return on equity of 12.6%. Its next earnings report is scheduled for October 30, 2026.

Insider Buying and Selling at ExxonMobil Holdings Corporation

Darrin L. Talley, an officer at ExxonMobil, sold 5,000 shares on February 2, 2026, valued at about $698,753. He also sold 3,230 shares on February 9 for approximately $481,835 and another 2,150 shares on March 2 valued at around $339,313, all transactions occurring prior to the current position disclosed by Frank, Rimerman Advisors.

Analysts Set New Price Targets

On October 15, 2026, Morgan Stanley maintained an Overweight rating on ExxonMobil with a new price target of $185, up from $177. Piper Sandler and TD Cowen also maintained their ratings of Neutral and Buy, respectively, with targets of $185 and $180. The consensus price target for ExxonMobil among analysts is currently $174, with 22 analysts providing their opinions.

About ExxonMobil

ExxonMobil Holdings Corporation is a leading energy company that explores and produces crude oil and natural gas across the globe. The firm operates through several segments, including Upstream and Energy Products, providing essential fuels and chemical products. Frank, Rimerman Advisors' recent stake highlights continued interest in the energy sector amid fluctuating market conditions.

Bottom Line

Frank, Rimerman Advisors' new position in ExxonMobil reflects a broader trend of institutional interest in the energy sector. Investors should watch for the upcoming earnings report on October 30, 2026, to gauge the company's performance amid current market dynamics. 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.