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

Exxon Mobil Co. (NYSE:XOM) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders 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 3.70%. The ex-dividend date is Wednesday, February 12th.

Exxon Mobil has raised its dividend payment by an average of 3.2% annually 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 research 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 Up 0.2 %

Shares of NYSE:XOM opened at $107.08 on Tuesday. The business has a 50-day moving average price of $110.36 and a 200 day moving average price of $115.21. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $470.63 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.79 and a beta of 0.89. Exxon Mobil has a 12-month low of $100.42 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm posted $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil will post 7.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on XOM. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday. Truist Financial upped their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Morgan Stanley boosted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus 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.