Cadence Bank Sells 7,461 Shares of ExxonMobil Corporation $XOM

Key Points

• Cadence Bank trimmed its stake in ExxonMobil by 3.5%, selling 7,461 shares to hold 206,171 shares worth about $24.81 million, roughly 1.5% of the bank's portfolio and XOM's 14th-largest holding.
• Analyst sentiment is broadly positive: XOM has a consensus rating of Moderate Buy with a consensus price target of $161.55, and several firms (Barclays, Wells Fargo, Scotiabank) recently raised price targets or maintained overweight/sector‑outperform views.
• Near-term catalysts and risks include Exxon’s Q1 report and CEO call scheduled for early May 1, while geopolitical tension in the Strait of Hormuz and a New Mexico lawsuit over orphaned‑well liabilities could create volatility.

Cadence Bank decreased its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 206,171 shares of the oil and gas company's stock after selling 7,461 shares during the quarter. ExxonMobil accounts for approximately 1.5% of Cadence Bank's holdings, making the stock its 14th biggest holding. Cadence Bank's holdings in ExxonMobil were worth $24,811,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in XOM. Peoples Bank OH grew its holdings in ExxonMobil by 0.5% during the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company's stock worth $1,804,000 after acquiring an additional 71 shares during the last quarter. MOKAN Wealth Management Inc. grew its holdings in ExxonMobil by 1.3% during the 4th quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company's stock worth $711,000 after acquiring an additional 77 shares during the last quarter. Field & Main Bank grew its holdings in ExxonMobil by 0.3% during the 4th quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company's stock worth $2,815,000 after acquiring an additional 78 shares during the last quarter. Capstone Wealth Management LLC grew its holdings in ExxonMobil by 3.1% during the 4th quarter. Capstone Wealth Management LLC now owns 2,606 shares of the oil and gas company's stock worth $314,000 after acquiring an additional 79 shares during the last quarter. Finally, Sunburst Financial Group LLC grew its holdings in ExxonMobil by 2.3% during the 4th quarter. Sunburst Financial Group LLC now owns 3,526 shares of the oil and gas company's stock worth $424,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of ExxonMobil from $145.00 to $163.00 and gave the stock an "overweight" rating in a report on Monday, March 16th. Morgan Stanley decreased their price objective on shares of ExxonMobil from $172.00 to $171.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. Wells Fargo & Company increased their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, April 9th. BMO Capital Markets reissued a "market perform" rating and set a $155.00 price objective on shares of ExxonMobil in a report on Wednesday, February 4th. Finally, Scotiabank increased their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a "sector outperform" rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.55.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS forecasts materially, boosting near‑term earnings expectations and supporting valuation upside for XOM. Erste Group raises EPS estimates
• Positive Sentiment: Analyst upgrades and heavy share buybacks remain bullish catalysts — Scotiabank recently raised its price target and Exxon’s multi‑billion buyback program continues to reduce float and support EPS. Analyst revision and buybacks
• Neutral Sentiment: Q1 reporting logistics: Exxon will release its Q1 press release early May 1 with a CEO call — the print and management commentary on volumes, price realization and project progress will drive intraday moves. Earnings timing and preview
• Neutral Sentiment: Street estimates: Consensus previews (Zacks) expect Q1 EPS near $1.07 on roughly $81.5B revenue — but upstream price/volume swings could push results either way, so the beat/miss will matter more than the headline. Zacks Q1 preview
• Neutral Sentiment: Project activity: Subsea 7 announced a substantial EPCI award tied to ExxonMobil activity offshore Angola — indicates ongoing upstream investment but is more a contractor win than an immediate earnings boost for Exxon. Subsea 7 contract
• Negative Sentiment: Geopolitical risk: Analysts warn that the Strait of Hormuz conflict could have trimmed Q1 volumes/pricing and may weigh on revenue and refining margins — heightened volatility increases the chance of a guidance reset. Hormuz conflict impact
• Negative Sentiment: Lawsuit risk: A new New Mexico lawsuit alleges Exxon understated orphaned‑well remediation liabilities for hundreds of wells — an adverse ruling or increased reserve requirements could raise future costs and ESG/legal uncertainty. Orphaned well lawsuit

ExxonMobil Stock Performance

ExxonMobil stock opened at $154.53 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The company has a market cap of $642.29 billion, a PE ratio of 23.10, a PEG ratio of 0.70 and a beta of 0.29. The company's 50-day moving average is $154.98 and its two-hundred day moving average is $134.93.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.08. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the prior year, the company posted $1.67 EPS. The company's revenue was down 1.3% compared to the same quarter last year. Equities analysts anticipate that ExxonMobil Corporation will post 11.18 earnings per share for the current year.

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 5,000 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 11,460 shares of company stock worth $1,687,854. Corporate insiders own 0.03% of the company's stock.

ExxonMobil Profile

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.