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Market Update: Exxon Mobil Corporation (NYSE:XOM) – Exxon Mobil Corporation Declares First Quarter Dividend

[Business Wire] – The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of 73 cents per share on the Common Stock, payable on March 10, 2016 to shareholders of record of Common Stock at the close of business on February 11, 2016. Read more on this. Exxon Mobil Corporation (XOM) , with a current value of $313.22B, began trading this morning at $76.00. Looking at today’s market, XOM one day range is $74.72 to $77.47 with its 52-week range being $66.55 to $93.45. Priced at 20.08x this year’s forecasted earnings, XOM shares are relatively expensive compared to the industry ’s 10.59x forward p/e ratio. The company pays shareholders $2.92 per share annually in dividends, yielding 3.81%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $0.63 per share, which would be $0.69 worse than the year-ago quarter and a $0.11 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.82 would be a $3.54 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $51.36 Billion. If reported, that would be a 41.15% decrease over the year-ago quarter. In terms of ratings, Tudor Pickering downgraded XOM from Hold to Sell (Jan 26, 2016). Previously, Raymond James downgraded XOM from Mkt Perform to Underperform. Given all the information above, we should disclose to readers that the average price target is $81.52, which is 7.26% above than it opened this morning. See more in (NYSE:XOM) Similar Articles: Market Update: Exxon Mobil Corporation (NYSE:XOM) – Rosneft, Exxon have long-term partnership – Russian dep minister Market Update: Exxon Mobil Corporation (NYSE:XOM) – Rosneft, Exxon, Eni, Sasol win exploration rights in Mozambique Stock Update: Exxon Mobil Corporation (NYSE:XOM) – U.S. fines Exxon $2.63 million for Arkansas oil pipeline leak
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