Value-focused investor First Eagle Investment Management disclosed a significant new position in ExxonMobil Corp, according to a recent SEC filing. The firm purchased 5.09 million shares during the third quarter of 2026, a stake valued at approximately $828.27 million as of September 30. This new holding represents a 1.30% weight in First Eagle's portfolio.
As a 13F filing, this disclosure reveals trades made between the end of June and the end of September, not a current-day transaction. The investment coincided with a period where ExxonMobil reported strong third-quarter earnings, record refining utilization, and significant cash flow generation. First Eagle has not publicly commented on its specific motive for the new investment.