Exxon Mobil Co. (NYSE:XOM) announced a quarterly dividend on Wednesday, April 24th, RTT News reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.87 per share by the oil and gas company on Monday, June 10th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.26%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.82.

Exxon Mobil has increased its dividend payment by an average of 3.9% annually over the last three years and has raised its dividend every year for the last 36 years. Exxon Mobil has a payout ratio of 71.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Exxon Mobil to earn $5.74 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 57.1%.

Shares of Exxon Mobil stock opened at $81.76 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. Exxon Mobil has a 1 year low of $64.65 and a 1 year high of $87.36. The company has a market cap of $353.32 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.65 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The company had revenue of $71.90 billion during the quarter, compared to analysts’ expectations of $78.87 billion. During the same period in the previous year, the company earned $0.88 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil will post 4.29 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “buy” rating and issued a $95.00 target price on shares of Exxon Mobil in a research note on Tuesday, February 19th. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Sunday, January 6th. Berenberg Bank reissued a “neutral” rating and set a $76.00 target price on shares of Exxon Mobil in a research note on Wednesday, January 9th. Argus restated a “buy” rating on shares of Exxon Mobil in a research report on Wednesday, February 6th. Finally, Goldman Sachs Group set a $79.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, February 1st. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $84.71.

A number of institutional investors and hedge funds have recently modified their holdings of XOM. Capital Financial Planning LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $34,000. Transamerica Financial Advisors Inc. increased its holdings in shares of Exxon Mobil by 543.2% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 521 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 440 shares during the last quarter. Litman Gregory Asset Management LLC increased its holdings in shares of Exxon Mobil by 701.0% in the fourth quarter. Litman Gregory Asset Management LLC now owns 801 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 701 shares during the last quarter. Athena Capital Advisors LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $76,000. Finally, Next Capital Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $88,000. Institutional investors and hedge funds own 54.62% of the company’s stock.

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Exxon Mobil Company Profile

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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Dividend History for Exxon Mobil (NYSE:XOM)

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