Comerica Bank Cuts Stake in ExxonMobil Corporation $XOM

Comerica Bank reduced its position in ExxonMobil Corporation (NYSE:XOM) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,371,001 shares of the oil and gas company’s stock after selling 62,832 shares during the period. ExxonMobil accounts for about 0.7% of Comerica Bank’s portfolio, making the stock its 24th biggest position. Comerica Bank’s holdings in ExxonMobil were worth $164,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil during the fourth quarter worth $27,000. Key Capital Management INC acquired a new stake in shares of ExxonMobil during the fourth quarter worth $28,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil during the fourth quarter worth $32,000. DecisionPoint Financial LLC lifted its stake in shares of ExxonMobil by 968.0% during the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock worth $32,000 after buying an additional 242 shares during the period. Finally, Westfuller Advisors LLC acquired a new stake in shares of ExxonMobil during the third quarter worth $30,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XOM. Royal Bank Of Canada lifted their price objective on shares of ExxonMobil from $160.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 9th. Mizuho lifted their price objective on shares of ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, Sanford C. Bernstein lowered their price objective on shares of ExxonMobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. One investment 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $161.55.

ExxonMobil News Roundup

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

Insider Transactions at ExxonMobil

In related news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 11,460 shares of company stock worth $1,687,854 in the last three months. Insiders own 0.03% of the company’s stock.

ExxonMobil Trading Down 0.1%

NYSE XOM opened at $154.53 on Friday. The company has a market capitalization of $642.29 billion, a PE ratio of 23.10, a P/E/G ratio of 0.70 and a beta of 0.29. The company has a fifty day moving average of $154.98 and a 200 day moving average of $134.93. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

ExxonMobil (NYSE:XOM) last posted 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. The company had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. Research analysts forecast that ExxonMobil Corporation will post 11.18 earnings per share for the current year.

ExxonMobil Company 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.