Exxon Mobil Co. (XOM) to Issue Quarterly Dividend of $0.99 on March 10th

Exxon Mobil Co. (NYSE:XOM) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be paid 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 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th.

Exxon Mobil has increased its dividend by an average of 3.2% annually over the last three years and has raised its dividend every year for the last 24 years. Exxon Mobil has a dividend payout ratio of 43.8% indicating that its dividend is sufficiently covered by earnings. 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 2.7 %

Exxon Mobil stock opened at $109.95 on Wednesday. The firm has a market capitalization of $483.22 billion, a PE ratio of 14.02, a PEG ratio of 2.79 and a beta of 0.89. The business’s 50-day simple moving average is $110.10 and its 200-day simple moving average is $115.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil has a 52 week low of $100.42 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the company posted $2.48 EPS. Equities research analysts forecast that Exxon Mobil will post 7.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Truist Financial boosted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, 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.