Exxon Mobil Corporation (NYSE:XOM) Declares Dividend Increase - $1.03 Per Share

Key Points

• Exxon declared a quarterly dividend of $1.03 per share (a 4.0% increase from $0.99), payable Dec. 10 to shareholders of record on Nov. 14, implying an annual yield of about 3.5%.
• The payout appears sustainable: Exxon has raised its dividend for 42 consecutive years, carries a current payout ratio around 52.8%, and analysts forecast earnings that would lower the expected payout ratio to roughly 45.7% next year.
• Recent stock metrics show shares near $118.74, a market cap of about $500.7 billion and a PE ratio of roughly 16.9.

Exxon Mobil Corporation (NYSE:XOM - Get Free Report) announced a quarterly dividend on Friday, October 31st. Investors 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 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 increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 42 consecutive years. Exxon Mobil has a dividend payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of Exxon Mobil stock traded down $1.04 during mid-day trading on Wednesday, reaching $118.74. 6,294,691 shares of the stock traded hands, compared to its average volume of 16,117,498. The stock has a market capitalization of $500.74 billion, a PE ratio of 16.89, a PEG ratio of 2.06 and a beta of 0.49. The business has a 50-day moving average of $113.63 and a 200 day moving average of $110.45. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, analysts predict that Exxon Mobil will post 7.43 EPS for the current year.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Ipsen Advisor Group LLC lifted its position in shares of Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company's stock worth $637,000 after purchasing an additional 88 shares during the last quarter. Nexus Investment Management ULC increased its stake in Exxon Mobil by 1.6% during the third quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company's stock valued at $653,000 after purchasing an additional 89 shares during the last quarter. Axis Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock worth $545,000 after purchasing an additional 90 shares during the period. Sagace Wealth Management LLC lifted its position in shares of Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company's stock worth $388,000 after buying an additional 90 shares during the last quarter. Finally, Park Edge Advisors LLC boosted its holdings in shares of Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after buying an additional 91 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.

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