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

Exxon Mobil Co. (NYSE:XOM) declared a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.95 per share by the oil and gas company on Monday, June 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th.

Exxon Mobil has increased its dividend payment by an average of 1.9% annually over the last three years and has increased its dividend annually for the last 41 consecutive years. Exxon Mobil has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Exxon Mobil to earn $10.22 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 37.2%.

Exxon Mobil Stock Performance

Shares of XOM traded down $3.37 during midday trading on Friday, hitting $117.96. 27,289,468 shares of the stock traded hands, compared to its average volume of 16,002,832. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $123.75. The firm has a market capitalization of $466.92 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The business’s 50 day moving average price is $113.33 and its two-hundred day moving average price is $106.67.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the firm posted $2.83 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil will post 9.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Mizuho reissued a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. UBS Group upped their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Finally, Scotiabank upped their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

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.