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

Exxon Mobil Co. (NYSE:XOM) announced a quarterly dividend on Friday, November 1st, Zacks reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.99 per share by the oil and gas company on Tuesday, December 10th. This represents a $3.96 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95.

Exxon Mobil has increased its dividend by an average of 1.9% annually over the last three years and has raised its dividend annually for the last 41 consecutive years. Exxon Mobil has a dividend payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Exxon Mobil to earn $8.36 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 45.5%.

Exxon Mobil Price Performance

NYSE XOM traded down $1.83 during trading on Friday, reaching $114.95. 20,939,321 shares of the company traded hands, compared to its average volume of 16,433,684. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock’s 50 day moving average price is $117.67 and its two-hundred day moving average price is $116.36. The company has a market cap of $453.25 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 4.83 and a beta of 0.89. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. As a group, analysts anticipate that Exxon Mobil will post 8.05 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on XOM shares. BMO Capital Markets boosted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Wolfe Research lifted their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.37.

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.