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

Exxon Mobil Co. (NYSE:XOM) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, February 12th will be given a dividend of 0.99 per share by the oil and gas company on Monday, March 10th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, February 12th.

Exxon Mobil has raised its dividend payment by an average of 3.2% annually over the last three years and has increased its dividend annually for the last 24 consecutive years. Exxon Mobil has a payout ratio of 43.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Exxon Mobil to earn $9.08 per share next year, which means the company should continue to be able to cover its $3.96 annual dividend with an expected future payout ratio of 43.6%.

Exxon Mobil Stock Up 0.2 %

XOM opened at $107.08 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company’s 50-day moving average is $110.36 and its 200 day moving average is $115.21. Exxon Mobil has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The firm has a market capitalization of $470.63 billion, a P/E ratio of 13.66, a PEG ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business earned $2.48 EPS. Research analysts expect that Exxon Mobil will post 7.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

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.