Exxon Mobil Corporation (XOM) to Issue Quarterly Dividend of $1.03 on March 10th

Exxon Mobil Corporation (NYSE:XOM) announced a quarterly dividend on Friday, January 30th. Investors of record on Thursday, February 12th will be paid a dividend of 1.03 per share by the oil and gas company on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, February 12th.

Exxon Mobil has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 42 years. Exxon Mobil has a payout ratio of 52.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Exxon Mobil to earn $9.02 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 45.7%.

Exxon Mobil Trading Up 0.7%

NYSE XOM opened at $141.43 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $122.80 and a 200 day simple moving average of $116.12. Exxon Mobil has a 12 month low of $97.80 and a 12 month high of $142.34. The firm has a market capitalization of $596.43 billion, a P/E ratio of 20.56, a PEG ratio of 14.84 and a beta of 0.37.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 EPS. On average, analysts predict that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on XOM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Zacks Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research report on Monday, December 8th. Citigroup boosted their price objective on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, Morgan Stanley reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.93.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.