Exxon Mobil Co. Declares Quarterly Dividend of $0.95 (NYSE:XOM)

Exxon Mobil Co. (NYSE:XOM) announced a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.95 per share by the oil and gas company on Monday, June 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, May 14th.

Exxon Mobil has raised its dividend payment by an average of 1.9% annually over the last three years and has raised its dividend every year for the last 41 years. Exxon Mobil has a payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Exxon Mobil to earn $10.22 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 37.2%.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $3.37 during midday trading on Friday, hitting $117.96. The company had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The company has a market cap of $466.92 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 4.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a fifty day moving average of $113.33 and a two-hundred day moving average of $106.67. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.83 EPS. On average, equities research analysts expect that Exxon Mobil will post 9.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Truist Financial increased their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Barclays started coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. Finally, Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

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.