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

Posted by Brian Himes on Jun 24th, 2026

Shares of ExxonMobil Corporation (NYSE:XOM – Get Free Report) dropped 2.1% on Wednesday . The stock traded as low as $135.59 and last traded at $136.8570. Approximately 15,912,033 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 20,580,701 shares. The stock had previously closed at $139.73.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: The U.S. Supreme Court ruled in ExxonMobil’s favor in its long-running case over Cuban assets, making it easier for XOM to pursue compensation from Cuba over property seized in the 1960s. That does not guarantee a payout, but it removes a legal hurdle and could be viewed as a shareholder-friendly development. Reuters article
Positive Sentiment: Analysts and market commentary highlighted ExxonMobil as a defensive energy name that can hold up if the broader market weakens, and several articles also pointed to Exxon as a reliable dividend stock. That supports the stock’s appeal for investors seeking income and downside resilience. Barron’s article
Positive Sentiment: Another note focused on ExxonMobil’s upstream business, saying strong WTI crude prices, along with growth from the Permian Basin and Guyana, could support production and earnings. Higher oil prices are generally a tailwind for XOM’s cash flow and profitability. Zacks article
Neutral Sentiment: Broader energy-sector coverage remained constructive, with articles listing oil stocks to watch and dividend-focused energy ideas. These pieces add to the positive backdrop for ExxonMobil but do not appear to be company-specific catalysts. 247WallSt article

Analysts Set New Price Targets

Several research firms have commented on XOM. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Piper Sandler decreased their price objective on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group boosted their target price on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Finally, Bank of America raised ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Tuesday, June 16th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $165.70.

Read Our Latest Stock Analysis on ExxonMobil

ExxonMobil Stock Down 2.1%

The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $567.27 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 0.59 and a beta of 0.16. The business’s 50 day simple moving average is $149.40 and its 200 day simple moving average is $143.73.

ExxonMobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $1.76 EPS. As a group, analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Dividend Announcement

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

Hedge Funds Weigh In On ExxonMobil

Several large investors have recently made changes to their positions in the business. Impact Partnership Wealth LLC lifted its stake in shares of ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after buying an additional 67 shares during the period. Cardinal Strategic Wealth Guidance boosted its holdings in shares of ExxonMobil by 1.9% in the 1st quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock worth $631,000 after acquiring an additional 68 shares in the last quarter. Core Wealth Advisors Inc. increased its stake in shares of ExxonMobil by 1.0% in the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock valued at $1,155,000 after buying an additional 68 shares in the last quarter. ICW Investment Advisors LLC increased its position in ExxonMobil by 0.3% in the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after acquiring an additional 69 shares in the last quarter. Finally, Swisher Financial Concepts Inc. lifted its holdings in ExxonMobil by 0.3% during the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Company Profile

(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.