Exxon Dividend Is ‘Very Secure’ After Surprisingly Strong Earnings, CEO Says. Exxon Mobil achieved a major milestone in its first-quarter earnings report, helped by rising oil prices and a slimmed-down business model.
Is the dividend safe at XOM?
Sure, investors still have reasons to price in a risk premium. This can be seen in its forward yield of 6.3%, which is above its average dividend yield of around 5.6% over the past four years. … Its rate of payout is safe, and XOM stock is again a great dividend play.
Is XOM a buy or sell?
Bottom line: Exxon stock is currently not a buy.
Which oil company has the safest dividend?
ConocoPhillips and EOG Resources offer some of the safest dividends in the oil patch. Both companies have low operating costs, enabling them to generate a tremendous amount of free cash flow to support their above-average dividends.
Is Exxon dividend Safe 2021?
Exxon Dividend Is ‘Very Secure’ After Surprisingly Strong Earnings, CEO Says. Exxon Mobil achieved a major milestone in its first-quarter earnings report, helped by rising oil prices and a slimmed-down business model.
Is Exxon a good long term investment?
With a $265 billion market cap, it can pay an almost 6% dividend yield and still have ~7% of its cash flow leftover. That’s a 13% cash flow yield can be used to pay down debt, share buybacks, or other rewards. All of this makes Exxon Mobil a valuable long-term investment for shareholders.
Is XOM a hold?
Exxon Mobil has received a consensus rating of Hold. The company’s average rating score is 2.29, and is based on 6 buy ratings, 12 hold ratings, and 2 sell ratings.
Is Exxonmobil stock expected to go up?
Stock Price Forecast
The 27 analysts offering 12-month price forecasts for Exxon Mobil Corp have a median target of 75.00, with a high estimate of 111.00 and a low estimate of 61.00. The median estimate represents a +2.47% increase from the last price of 73.19.
Does Exxon have the best gas?
Go with Exxon and Mobil SynergyTM gasoline – it’s TOP TIER®
Exxon and Mobil SynergyTM gasoline contains significantly higher quantities of detergents than required by the Environmental Protection Agency (EPA) and has passed key performance tests resulting in it being certified TOP TIER.
How do you know if a dividend is safe?
The lower the ratio, the more secure the dividend. Any ratio above 50% is generally considered a warning flag. A measure of how secure the dividend is based on the company’s cash flow. The higher the better; minimum coverage should be 1.2, indicating 120% coverage.
What are the safest high yield dividend stocks?
Safe Dividend Stocks with High Yields
- Valero Energy Corporation (NYSE:VLO) Dividend Yield as of December 29: 5.46% …
- Cardinal Health Inc. (NYSE:CAH) …
- Prudential Financial, Inc. (NYSE:PRU) …
- LyondellBasell Industries N.V. (NYSE:LYB) Dividend Yield as of December 29: 4.93% …
- International Business Machines Corporation (NYSE:IBM)
How often does Exxon Mobil stock pay dividends?
Ending a long period of speculation, Exxon Mobil (ticker: XOM) said Wednesday that it will raise its quarterly dividend—the first time the integrated energy giant has done that since April 2019. In a release Wednesday, the company said its board of directors had declared a fourth-quarter dividend of 88 cents a share.