Exxon Mobil Corp. (XOM) Announces Quarterly Dividend of $0.63
Exxon Mobil Corp. (NYSE:XOM) announced a quarterly dividend on Wednesday, January 29th, ARN reports. Stockholders of record on Monday, February 10th will be paid a dividend of 0.63 per share on Monday, March 10th. This represents a $2.52 annualized dividend and a dividend yield of 2.65%.
XOM has been the subject of a number of recent research reports. Analysts at Merrill Lynch downgraded shares of Exxon Mobil Corp. to a “neutral” rating in a research note to investors on Tuesday, January 21st. On a related note, analysts at TheStreet reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research note to investors on Tuesday, January 21st. Finally, analysts at Bank of America Corp. downgraded shares of Exxon Mobil Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 21st. They now have a $106.00 price target on the stock, down previously from $110.00. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $99.35.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.56% on Wednesday, hitting $95.11. The stock had a trading volume of 13,194,049 shares. Exxon Mobil Corp. has a one year low of $84.79 and a one year high of $101.74. The stock has a 50-day moving average of $98.43 and a 200-day moving average of $92.21. The company has a market cap of $415.5 billion and a price-to-earnings ratio of 12.49.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.77 by $0.02. The company had revenue of $112.40 billion for the quarter, compared to the consensus estimate of $107.40 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that Exxon Mobil Corp. will post $7.40 earnings per share for the current fiscal year.
Exxon Mobil Corporation (NYSE:XOM) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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