Exxon Mobil said on January 31, 2023 that its board of directors declared a regular quarterly dividend of $0.91 per share ($3.64 annualized). Shareholders of record as of February 13, 2023 will receive the payment on March 10, 2023. Previously, the company paid $0.88 per share.
At the current share price of $116.01 / share, the stock's dividend yield is 3.14%. Looking back five years and taking a sample every week, the average dividend yield has been 5.40%, the lowest has been 3.20%, and the highest has been 11.07%. The standard deviation of yields is 1.79 (n=237).
The current dividend yield is 1.27 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.27. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.05%, demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 6.37% Upside
As of February 1, 2023, the average one-year price target for Exxon Mobil is $123.39. The forecasts range from a low of $77.77 to a high of $147.00. The average price target represents an increase of 6.37% from its latest reported closing price of $116.01.
The projected annual revenue for Exxon Mobil is $411,239MM, an increase of 2.24%. The projected annual EPS is $11.46, a decrease of 13.61%.
Fund Sentiment
There are 4544 funds or institutions reporting positions in Exxon Mobil. This is an increase of 98 owner(s) or 2.20%.
Average portfolio weight of all funds dedicated to US:XOM is 1.1186%, an increase of 8.5123%. Total shares owned by institutions increased in the last three months by 1.87% to 2,690,961K shares.
What are large shareholders doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 124,354,827 shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 124,049,133 shares, representing an increase of 0.25%. The firm increased its portfolio allocation in XOM by 6.53% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 94,476,741 shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 93,241,152 shares, representing an increase of 1.31%. The firm increased its portfolio allocation in XOM by 6.82% over the last quarter.
XLE - The Energy Select Sector SPDR Fund holds 88,655,192 shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 94,949,271 shares, representing a decrease of 7.10%. The firm decreased its portfolio allocation in XOM by 4.12% over the last quarter.
Geode Capital Management holds 74,570,247 shares representing 1.81% ownership of the company. In it's prior filing, the firm reported owning 74,046,323 shares, representing an increase of 0.70%. The firm increased its portfolio allocation in XOM by 6.40% over the last quarter.
Bank of New York Mellon holds 50,636,735 shares representing 1.23% ownership of the company. In it's prior filing, the firm reported owning 51,428,675 shares, representing a decrease of 1.56%. The firm increased its portfolio allocation in XOM by 6.64% over the last quarter.
Exxon Mobil Background Information
(This description is provided by the company.)
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world's growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
