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

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 yield of 3.70%. The ex-dividend date of this dividend is Wednesday, February 12th.

Exxon Mobil has raised its dividend by an average of 3.2% annually over the last three years and has increased its dividend every year for the last 24 years. Exxon Mobil has a payout ratio of 43.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.2 %

XOM traded up $0.25 on Monday, reaching $107.08. 11,792,738 shares of the company’s stock were exchanged, compared to its average volume of 15,138,072. Exxon Mobil has a twelve month low of $100.42 and a twelve month high of $126.34. The company’s 50 day moving average is $110.36 and its 200-day moving average is $115.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $470.63 billion, a price-to-earnings 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 data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business posted $2.48 earnings per share. Equities analysts predict that Exxon Mobil will post 7.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Scotiabank dropped their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday. Finally, UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.