Neutral
ExxonMobil's Amundi Reduces Stake by 8.9% in Q2 2026
In the second quarter of 2026, Amundi decreased its holdings in ExxonMobil by 8.9%, selling 2.19 million shares and retaining 22.3 million shares valued at approximately $3.05 billion. This reduction reflects Amundi's portfolio adjustments and does not necessarily indicate a negative outlook on ExxonMobil's performance.
Key points
- Amundi's 8.9% reduction in ExxonMobil stake in Q2 2026.
- ExxonMobil's Q2 2026 earnings per share at $3.52, slightly below consensus.
- Analysts maintain a 'Hold' rating for ExxonMobil with an average price target of $167.45.
Sources
AI-generated from public news sources. Not financial advice.
