Exxon Mobil Co. (NYSE:XOM) to Issue Quarterly Dividend of $0.87

Exxon Mobil Co. (NYSE:XOM) declared a quarterly dividend on Wednesday, July 31st, RTT News reports. Investors of record on Tuesday, August 13th will be paid a dividend of 0.87 per share by the oil and gas company on Tuesday, September 10th. This represents a $3.48 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, August 12th.

Exxon Mobil has increased its dividend payment by an average of 3.9% per year over the last three years and has increased its dividend every year for the last 36 years. Exxon Mobil has a dividend payout ratio of 75.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Exxon Mobil to earn $4.98 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 69.9%.

Shares of XOM opened at $70.84 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a market cap of $306.25 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 2.10 and a beta of 0.97. The business has a fifty day moving average price of $75.27. Exxon Mobil has a twelve month low of $64.65 and a twelve month high of $87.36.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. During the same period last year, the company posted $0.92 EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil will post 3.21 EPS for the current year.

XOM has been the topic of several research reports. Morgan Stanley cut their price objective on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a research report on Monday, July 22nd. Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 price objective on shares of Exxon Mobil in a research report on Friday, August 2nd. JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Finally, Bank of America reissued a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research report on Monday, August 5th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $82.59.

In other news, VP Bryan W. Milton sold 6,033 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total transaction of $460,559.22. Following the completion of the sale, the vice president now directly owns 219,423 shares in the company, valued at $16,750,751.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The disclosure for this sale can be found here. 0.05% of the stock is owned by company insiders.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

See Also: Should I follow buy, hold and sell recommendations?

Dividend History for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.