Cambria Investment Management Boosts Exxon Mobil Stake

Investment firm increases holdings in oil and gas giant by 26.5% in third quarter

Published on Mar. 5, 2026

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Cambria Investment Management L.P. raised its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 26.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm now owns 111,381 shares of the oil and gas company's stock, worth approximately $12.1 million.

Why it matters

Exxon Mobil is one of the world's largest publicly traded oil and gas companies, and changes in institutional ownership can signal broader market sentiment towards the energy sector. Cambria's increased stake suggests the firm sees value in Exxon's stock despite ongoing volatility in global energy markets.

The details

Cambria Investment Management bought an additional 23,323 shares of Exxon Mobil in the third quarter, bringing its total holdings to 111,381 shares. The firm's position is now worth around $12.1 million, up from $9.6 million at the end of the prior quarter. Other hedge funds and institutional investors have also been active in trading Exxon's stock in recent months, with some firms increasing their stakes while others reduced exposure.

  • Cambria Investment Management filed its 13F report for the third quarter of 2026 on March 5, 2026.

The players

Cambria Investment Management L.P.

An investment management firm based in Cambria, California that oversees over $5 billion in client assets.

Exxon Mobil Corporation

An integrated oil and gas company engaged in exploration, production, refining, distribution and marketing of petroleum products and petrochemicals.

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The takeaway

Cambria's increased stake in Exxon Mobil suggests the firm sees long-term value in the oil major's stock, even as the energy sector faces ongoing market volatility. This move aligns with broader trends of institutional investors maintaining or growing positions in major energy companies amid the industry's transition.