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

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

Exxon Mobil has raised its dividend payment by an average of 3.2% per year 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 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 Performance

Shares of Exxon Mobil stock traded up $0.25 during trading on Monday, reaching $107.08. The company’s stock had a trading volume of 11,792,738 shares, compared to its average volume of 15,138,072. The company has a 50-day moving average price of $110.36 and a two-hundred day moving average price of $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 cap of $470.63 billion, a PE ratio of 13.66, a P/E/G ratio of 2.79 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 company posted $2.48 EPS. On average, analysts forecast that Exxon Mobil will post 7.65 EPS for the current year.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday. Finally, TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.