Exxon Mobil Corporation (XOM) To Go Ex-Dividend on November 14th

Exxon Mobil Corporation (NYSE:XOM) declared a quarterly dividend on Friday, October 31st. Stockholders of record on Friday, November 14th will be given a dividend of 1.03 per share by the oil and gas company on Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, November 14th. This is a 4.0% increase from Exxon Mobil’s previous quarterly dividend of $0.99.

Exxon Mobil has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 42 years. Exxon Mobil has a payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Exxon Mobil to earn $9.02 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 45.7%.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $1.32 on Wednesday, reaching $118.47. The stock had a trading volume of 7,649,666 shares, compared to its average volume of 16,124,357. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil has a 1 year low of $97.80 and a 1 year high of $123.21. The stock has a market cap of $499.59 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a 50 day simple moving average of $113.63 and a 200 day simple moving average of $110.45.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion for the quarter. Equities research analysts expect that Exxon Mobil will post 7.43 EPS for the current year.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Bank of America lifted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Piper Sandler upped their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group lifted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Melius Research began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Finally, Wells Fargo & Company began coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

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.