Exxon Mobil Co. (NYSE:XOM) Declares Quarterly Dividend of $0.99

Exxon Mobil Co. (NYSE:XOM) announced a quarterly dividend on Friday, November 1st, Zacks reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.99 per share by the oil and gas company on Tuesday, December 10th. This represents a $3.96 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95.

Exxon Mobil has raised its dividend payment by an average of 1.9% annually over the last three years and has raised its dividend annually for the last 41 consecutive years. Exxon Mobil has a dividend payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Exxon Mobil to earn $8.36 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 45.5%.

Exxon Mobil Trading Down 1.6 %

Shares of Exxon Mobil stock opened at $114.95 on Friday. The stock has a fifty day simple moving average of $117.67 and a 200 day simple moving average of $116.35. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a market capitalization of $453.25 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil will post 8.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Truist Financial decreased their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. BMO Capital Markets boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $130.37.

About Exxon Mobil

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.