The Exxon Mobil Corporation Declares Quarterly Dividend of $0.77 (XOM)

The Exxon Mobil Corporation Declares Quarterly Dividend of $0.77 (XOM)

Exxon Mobil Corporation (NYSE:XOM) announced a quarterly dividend on Wednesday, October 25th, RTT News reports. Investors of record on Monday, November 13th will be paid a dividend of 0.77 per share by the oil and gas company on Monday, December 11th. This represents a $3.08 dividend on an annualized basis and a yield of 3.70%.

Exxon Mobil Corporation has raised its dividend by an average of 6.6% per year over the last three years and has raised its dividend every year for the last 34 years. Exxon Mobil Corporation has a dividend payout ratio of 87.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Exxon Mobil Corporation to earn $3.97 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 77.6%.

Exxon Mobil Corporation (XOM) traded down 0.36% on Wednesday, hitting $83.17. 9,153,318 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $81.34 and a 200-day moving average price of $80.79. The stock has a market cap of $352.40 billion, a P/E ratio of 29.98 and a beta of 0.82. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.21.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. Equities analysts predict that Exxon Mobil Corporation will post $3.50 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. Morgan Stanley set a $85.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, October 17th. BNP Paribas set a $70.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Monday, September 25th. Vetr cut Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a report on Thursday, September 28th. BMO Capital Markets set a $80.00 price objective on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, Jefferies Group LLC set a $84.00 price objective on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Thursday, October 19th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $85.32.

In other news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of XOM. Vanguard Group Inc. grew its position in shares of Exxon Mobil Corporation by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Exxon Mobil Corporation by 136,463.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after buying an additional 7,134,305 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Exxon Mobil Corporation by 365.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,658,225 shares of the oil and gas company’s stock worth $214,591,000 after buying an additional 2,087,165 shares in the last quarter. Capital Research Global Investors grew its position in shares of Exxon Mobil Corporation by 7.0% during the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after buying an additional 2,058,060 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Exxon Mobil Corporation by 26.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,686,303 shares of the oil and gas company’s stock worth $781,970,000 after buying an additional 2,021,904 shares in the last quarter. 50.74% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Corporation Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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