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

Exxon Mobil Co. (NYSE:XOM - Get Free Report) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, February 12th will be given 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 3.64%. 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 raised its dividend annually for the last 24 consecutive years. Exxon Mobil has a payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. 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 0.4 %

XOM traded up $0.44 during trading on Friday, reaching $108.87. The stock had a trading volume of 10,043,731 shares, compared to its average volume of 14,960,845. 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 $478.49 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 2.79 and a beta of 0.89. The stock's 50 day moving average is $109.59 and its two-hundred day moving average is $115.00. Exxon Mobil has a one year low of $100.42 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the business earned $2.48 earnings per share. As a group, analysts expect that Exxon Mobil will post 7.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on XOM shares. Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. TD Cowen dropped their price target 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. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a 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 given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Company Profile

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.