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.
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.
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