Exxon Mobil Co. (NYSE:XOM) Announces $0.95 Quarterly Dividend

Exxon Mobil Co. (NYSE:XOM) declared a quarterly dividend on Friday, August 2nd, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.95 per share by the oil and gas company on Tuesday, September 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, August 15th.

Exxon Mobil has raised its dividend payment by an average of 1.9% per year over the last three years and has increased its dividend every year for the last 41 years. Exxon Mobil has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Exxon Mobil to earn $9.87 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 38.5%.

Exxon Mobil Trading Down 0.1 %

Shares of Exxon Mobil stock traded down $0.07 during trading hours on Friday, hitting $116.88. The company’s stock had a trading volume of 20,403,773 shares, compared to its average volume of 12,998,848. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a fifty day moving average of $114.02 and a 200-day moving average of $112.06. The stock has a market cap of $460.86 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the company posted $1.94 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Research analysts forecast that Exxon Mobil will post 8.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial decreased their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. HSBC increased their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Sanford C. Bernstein decreased their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. UBS Group increased their target price on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.78.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.