Exxon Mobil Co. (NYSE:XOM) declared a quarterly dividend on Wednesday, July 29th, RTT News reports. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.87 per share by the oil and gas company on Thursday, September 10th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 8.29%.
Exxon Mobil has increased its dividend by an average of 15.1% annually over the last three years and has raised its dividend every year for the last 37 years. Exxon Mobil has a payout ratio of -1,087.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Exxon Mobil to earn $1.04 per share next year, which means the company may not be able to cover its $3.48 annual dividend with an expected future payout ratio of 334.6%.
XOM stock traded down $2.05 during trading on Thursday, reaching $41.98. 504,155 shares of the stock were exchanged, compared to its average volume of 18,549,684. Exxon Mobil has a twelve month low of $30.11 and a twelve month high of $75.66. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $178.06 billion, a P/E ratio of 15.84 and a beta of 1.33. The stock has a 50 day simple moving average of $44.81 and a 200-day simple moving average of $48.62.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.49. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The company had revenue of $56.16 billion during the quarter, compared to the consensus estimate of $58.25 billion. During the same quarter last year, the company earned $0.55 EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Equities analysts predict that Exxon Mobil will post -0.75 EPS for the current year.
Several brokerages have issued reports on XOM. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday, May 13th. Cfra lowered shares of Exxon Mobil from a “hold” rating to a “sell” rating and increased their price target for the stock from $41.00 to $43.00 in a research report on Thursday, April 30th. BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 13th. Cowen reissued a “hold” rating and issued a $34.00 target price on shares of Exxon Mobil in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $51.00 price target on shares of Exxon Mobil in a research report on Tuesday, June 9th. Five equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $53.17.
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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