SteelPeak Wealth 13F: New $8.4M Stake in ExxonMobil (XOM)

SteelPeak Wealth opened a new position in ExxonMobil Holdings Corporation (XOM) in a filing on October 16, 2026, acquiring 51,639 shares valued at approximately $8.4 million. This new stake marks a notable entry into the energy sector for SteelPeak, as it previously held no shares in the company.

What Changed in SteelPeak Wealth's ExxonMobil Position

SteelPeak's purchase adds a significant stake in ExxonMobil, an integrated oil and gas company. The fund now holds 51,639 shares, reflecting a new commitment to the stock as part of its investment strategy.

Other Institutional Activity in ExxonMobil

Several other funds have shown interest in ExxonMobil recently. Blackrock Inc. grew its holdings by 12,005,948 shares, totaling 334,746,496 shares worth about $59.9 billion. Meanwhile, Vanguard Capital Management LLC trimmed its position, reducing its shares by 461,028 to 270,731,921 shares valued at approximately $48.5 billion. State Street Corporation also reduced its stake, selling 7,101,927 shares, and now holds 206,811,526 shares worth around $37.0 billion. FMR, LLC cut its position, decreasing by 2,268,080 shares, resulting in 137,736,841 shares valued at about $24.7 billion.

ExxonMobil Holdings Corporation Stock Up 0.8%

ExxonMobil's stock recently traded at $178.43, placing it just below its 52-week high of $178.69. The shares are currently above both the 50-day and 200-day moving averages, by about 9.3% and 17.8%, respectively. This strong positioning may suggest positive momentum for the stock, appealing to investors looking for stability in the energy sector.

Recent Earnings

ExxonMobil reported trailing twelve-month revenue of $361.1 billion with an EPS of $7.77. The company has shown robust revenue growth of 44.1% year-over-year. Its next earnings report is scheduled for October 30, 2026, which could provide additional insights into its performance.

Insider Buying and Selling at ExxonMobil Holdings Corporation

Darrin L Talley, an officer at ExxonMobil, sold shares earlier in the year, including 5,000 shares on February 2, which were valued at about $698,753. The insider activity may indicate personal financial decisions rather than a direct reflection on the company's performance.

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. Earlier, Piper Sandler also maintained a Neutral rating with a target of $185, while TD Cowen kept a Buy rating at $180. The consensus rating remains a Buy with a mean target price of $174 based on 22 analyst opinions.

About ExxonMobil

ExxonMobil Holdings Corporation engages in exploring and producing crude oil and natural gas, both domestically and internationally. The company operates in various segments, including Upstream and Energy Products, providing fuels and chemical products. The recent investment by SteelPeak Wealth highlights ongoing interest in the energy sector, particularly as oil prices fluctuate.

Bottom Line

Investors should keep an eye on ExxonMobil's upcoming earnings report on October 30, 2026, for more updates on its financial health. Note that 13F filings reflect holdings as of the reporting period and may not represent the investor's current position. 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.