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

Exxon Mobil Co. (NYSE:XOM - Get Free Report) 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 annualized dividend and a yield of 3.66%. The ex-dividend date is Wednesday, February 12th.

Exxon Mobil has increased its dividend by an average of 3.2% per year over the last three years and has increased its dividend every year for the last 24 years. Exxon Mobil has a dividend payout ratio of 43.8% indicating that 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 Performance

Shares of Exxon Mobil stock traded down $1.55 during trading on Thursday, hitting $108.33. 13,409,246 shares of the stock were exchanged, compared to its average volume of 15,165,588. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil has a 12 month low of $100.42 and a 12 month high of $126.34. The stock's fifty day moving average is $109.78 and its 200 day moving average is $115.05. The stock has a market cap of $476.11 billion, a PE ratio of 13.82, a P/E/G ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 quarter last year, the business posted $2.48 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil will post 7.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XOM shares. TD Cowen lowered their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Bernstein Bank boosted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday. Truist Financial boosted 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. Finally, Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.25.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by 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.