ExxonMobil Corporation (XOM) to Distribute Quarterly Dividend of $1.03 on September 10th

ExxonMobil Corporation (NYSE:XOM) declared a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 17th will be paid a dividend of 1.03 per share by the oil and gas company on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th.

ExxonMobil has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 42 years. ExxonMobil has a dividend payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ExxonMobil to earn $11.35 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 36.3%.

ExxonMobil Stock Up 0.9%

XOM opened at $160.08 on Friday. The company has a market capitalization of $663.52 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.62 and a beta of 0.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The firm’s fifty day moving average price is $147.00 and its two-hundred day moving average price is $150.45. ExxonMobil has a fifty-two week low of $105.67 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the prior year, the company posted $1.64 EPS. On average, analysts anticipate that ExxonMobil will post 11.86 EPS for the current year.

Hedge Funds Weigh In On ExxonMobil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil in the 2nd quarter worth approximately $27,000. Portus Wealth Advisors LLC bought a new position in ExxonMobil in the 1st quarter valued at $36,000. Berbice Capital Management LLC acquired a new position in ExxonMobil in the fourth quarter worth $26,000. Midwest Capital Advisors LLC acquired a new position in ExxonMobil in the fourth quarter worth $27,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.