Exxon Mobil Corporation (NYSE:XOM) Plans $1.03 Quarterly Dividend

by · The Cerbat Gem

Exxon Mobil Corporation (NYSE:XOM – Get Free Report) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Thursday, February 12th will be given a dividend of 1.03 per share by the oil and gas company on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, February 12th.

Exxon Mobil has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 42 consecutive years. Exxon Mobil has a dividend payout ratio of 52.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Exxon Mobil to earn $9.02 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 45.7%.

Exxon Mobil Trading Up 0.7%

XOM traded up $0.92 during midday trading on Friday, hitting $141.43. 29,634,452 shares of the company were exchanged, compared to its average volume of 20,208,775. The firm’s 50 day moving average price is $122.31 and its 200-day moving average price is $115.91. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $142.34. The firm has a market capitalization of $596.43 billion, a P/E ratio of 20.56, a P/E/G ratio of 14.53 and a beta of 0.37. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.67 EPS. As a group, equities analysts forecast that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Citigroup boosted their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a research report on Monday. Barclays boosted their price objective on Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.74.

Check Out Our Latest Research Report on XOM

Exxon Mobil Company Profile

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Exxon Mobil 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.

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