Exxon Mobil Co. (NYSE:XOM - Get Rating) declared a quarterly dividend on Thursday, October 27th, Zacks reports. Shareholders of record on Tuesday, November 15th will be paid a dividend of 0.91 per share by the oil and gas company on Friday, December 9th. This represents a $3.64 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Monday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.88.
Exxon Mobil has increased its dividend by an average of 2.6% per year over the last three years and has increased its dividend annually for the last 39 consecutive years. Exxon Mobil has a payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Exxon Mobil to earn $10.76 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 33.8%.
Exxon Mobil Price Performance
Shares of NYSE XOM opened at $113.95 on Friday. The business's 50 day moving average price is $99.95 and its two-hundred day moving average price is $94.38. The company has a market cap of $469.28 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. Exxon Mobil has a twelve month low of $57.96 and a twelve month high of $114.66.
Exxon Mobil (NYSE:XOM - Get Rating) last announced its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.45 by $1.00. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The firm had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The business's revenue was up 51.9% compared to the same quarter last year. On average, analysts predict that Exxon Mobil will post 13.7 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on XOM. Exane BNP Paribas upgraded Exxon Mobil from an "underperform" rating to a "neutral" rating and set a $115.00 price objective for the company in a report on Tuesday, November 1st. Cowen boosted their price objective on Exxon Mobil to $108.00 in a report on Friday, November 4th. Truist Financial boosted their price objective on Exxon Mobil from $111.00 to $114.00 in a report on Monday, October 31st. Bank of America boosted their price objective on Exxon Mobil from $120.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, August 1st. Finally, Piper Sandler boosted their price target on Exxon Mobil from $113.00 to $131.00 and gave the company an "overweight" rating in a research note on Friday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $109.95.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $110.47, for a total transaction of $276,175.00. Following the transaction, the vice president now owns 25,363 shares of the company's stock, valued at approximately $2,801,850.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company's stock.
Hedge Funds Weigh In On Exxon Mobil
A number of institutional investors and hedge funds have recently made changes to their positions in XOM. Turim 21 Investimentos Ltda. boosted its position in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 396 shares in the last quarter. SkyView Investment Advisors LLC bought a new position in Exxon Mobil in the 1st quarter valued at about $204,000. Quantamental Technologies LLC bought a new position in Exxon Mobil in the 1st quarter valued at about $209,000. Dempze Nancy E bought a new position in Exxon Mobil in the 1st quarter valued at about $215,000. Finally, Bridgefront Capital LLC bought a new position in Exxon Mobil in the 1st quarter valued at about $237,000. Institutional investors own 56.84% of the company's stock.
Exxon Mobil Company Profile
(Get Rating)Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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