Wolfe Research Downgrades Exxon Mobil (XTRA:XONA)
Fintel reports that on April 21, 2026, Wolfe Research downgraded their outlook for Exxon Mobil (XTRA:XONA) from Outperform to Peer Perform.
Analyst Price Forecast Suggests 10.58% Upside
As of April 17, 2026, the average one-year price target for Exxon Mobil is 136,19 €/share. The forecasts range from a low of 104,63 € to a high of 164,49 €. The average price target represents an increase of 10.58% from its latest reported closing price of 123,16 € / share.
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The projected annual revenue for Exxon Mobil is 252,270MM, a decrease of 22.12%. The projected annual non-GAAP EPS is 7.90.
What is the Fund Sentiment?
There are 4,686 funds or institutions reporting positions in Exxon Mobil. This is an decrease of 974 owner(s) or 17.21% in the last quarter. Average portfolio weight of all funds dedicated to XONA is 0.63%, an increase of 23.07%. Total shares owned by institutions decreased in the last three months by 11.57% to 2,764,954K shares.
What are Other Shareholders Doing?
Geode Capital Management holds 95,923K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 96,154K shares , representing a decrease of 0.24%. The firm increased its portfolio allocation in XONA by 3.03% over the last quarter.
Bank Of America holds 75,152K shares representing 1.81% ownership of the company. In its prior filing, the firm reported owning 74,315K shares , representing an increase of 1.11%. The firm increased its portfolio allocation in XONA by 10.23% over the last quarter.
Jpmorgan Chase holds 70,376K shares representing 1.69% ownership of the company. In its prior filing, the firm reported owning 75,038K shares , representing a decrease of 6.62%. The firm increased its portfolio allocation in XONA by 4.90% over the last quarter.
Norges Bank holds 63,363K shares representing 1.52% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Bank of New York Mellon holds 46,605K shares representing 1.12% ownership of the company. In its prior filing, the firm reported owning 46,074K shares , representing an increase of 1.14%. The firm increased its portfolio allocation in XONA by 6.01% over the last quarter.