Exxon Mobil Co. (NYSE:XOM - Get Free Report) announced a quarterly dividend on Friday, August 2nd, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.95 per share by the oil and gas company on Tuesday, September 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, August 15th.
Exxon Mobil has increased its dividend payment by an average of 1.9% per year over the last three years and has increased its dividend every year for the last 41 years. Exxon Mobil has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Exxon Mobil to earn $9.87 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 38.5%.
Exxon Mobil Price Performance
Shares of NYSE:XOM traded down $0.07 on Friday, hitting $116.88. The company had a trading volume of 20,403,773 shares, compared to its average volume of 12,998,848. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $123.75. The business has a 50 day moving average of $114.02 and a 200 day moving average of $112.17. The company has a market cap of $460.86 billion, a PE ratio of 14.32, a PEG ratio of 4.51 and a beta of 0.91.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil will post 8.65 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Truist Financial dropped their price target on Exxon Mobil from $124.00 to $121.00 and set a "hold" rating for the company in a research note on Monday, July 22nd. UBS Group upped their price target on Exxon Mobil from $152.00 to $154.00 and gave the stock a "buy" rating in a research note on Tuesday, June 25th. Mizuho upped their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a "neutral" rating in a research note on Monday, May 13th. Wolfe Research assumed coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an "outperform" rating and a $146.00 price target for the company. Finally, Morgan Stanley restated an "overweight" rating and set a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.78.
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Exxon Mobil Company Profile
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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.
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