ExxonMobil (NYSE:XOM) Shares Down 2.1% – Here’s Why

Posted by Stanley Muller on Jun 18th, 2026

Shares of ExxonMobil Corporation (NYSE:XOM – Get Free Report) fell 2.1% during trading on Thursday . The stock traded as low as $135.85 and last traded at $137.8450. Approximately 47,515,287 shares changed hands during mid-day trading, an increase of 130% from the average session volume of 20,683,650 shares. The stock had previously closed at $140.74.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: ExxonMobil is moving ahead with a new exploration push in Guyana’s Stabroek Block, with plans to drill up to 35 additional wells from 2028 through 2033, supporting longer-term production growth. Article Title
Positive Sentiment: Exxon also signed a preliminary deal to supply LNG to South Africa’s first import terminal, adding another potential growth avenue for its gas business and reinforcing international LNG demand. Article Title
Neutral Sentiment: Bank of America reportedly sees Exxon differently than the wider oil market, and the stock has been viewed as more resilient than peers despite the recent pullback. Article Title
Neutral Sentiment: Analysts continue to describe Exxon as a relatively low-cost, diversified producer that may remain profitable even with weaker crude prices. Article Title
Negative Sentiment: Lower oil prices are the main headwind for ExxonMobil’s near-term stock performance, with the latest geopolitical easing reducing crude market risk premiums and weighing on the energy sector. Article Title

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XOM. Wells Fargo & Company raised their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Mizuho raised their target price on ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Finally, TD Cowen reissued a “buy” rating on shares of ExxonMobil in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.70.

Read Our Latest Report on XOM

ExxonMobil Trading Down 2.1%

The company’s fifty day moving average is $150.85 and its 200-day moving average is $143.10. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $571.36 billion, a P/E ratio of 23.25, a P/E/G ratio of 0.60 and a beta of 0.16.

ExxonMobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 11.8 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. ExxonMobil’s payout ratio is presently 69.48%.

Institutional Trading of ExxonMobil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC acquired a new position in ExxonMobil during the 4th quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil in the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. grew its position in ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC bought a new position in shares of ExxonMobil during the 4th quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of ExxonMobil during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

About ExxonMobil

(Get Free Report)

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.