Will Exxon cut their dividend?

(NYSE:XOM) is not going to lower its dividend no matter what it costs the company. That point came out loud and clear from the company’s latest earnings conference call. This means that XOM stock will continue to have a “strong” dividend yield of about 6.15%. … Exxon clearly intends to maintain that dividend.

Is Exxonmobil dividend safe?

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.

How Long Can Exxon pay dividends?

Dividend Aristocrat

The oil giant’s decades-long streak of raising annual payouts now extends to 39 years, making it one of corporate America’s few so-called “dividend aristocrats.” The payout costs the company about $15 billion a year, with only Microsoft Corp. and AT&T Inc.

Is it safe to invest in Exxon?

With 2020’s troubles behind it, the integrated oil and gas giant is no longer at risk of cutting its dividend. … Expected earnings for this year ($4.28 per share) will more than cover its payout. Sure, investors still have reasons to price in a risk premium.

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Is Exxon a buy or sell?

Bottom line: Exxon stock is a sell as oil prices fall from multi-year highs. Investors can check out IBD Stock Lists and other IBD content to find dozens of the best stocks to buy or watch.

How long do I have to hold a stock to get dividends?

In order to receive the preferred 15% tax rate on dividends, you must hold the stock for a minimum number of days. That minimum period is 61 days within the 121-day period surrounding the ex-dividend date. The 121-day period begins 60 days before the ex-dividend date.

What is the next ex-dividend date for ExxonMobil 2021?

XOM Dividend History

11/10/2021 CASH $0.88
08/12/2021 CASH $0.87
05/12/2021 CASH $0.87
02/09/2021 CASH $0.87

What is the future of Exxon stock?

Analysts estimate that Exxon will earn $4.29 per share for 2021 and $4.76 per share for 2022. Cash flow from operating activities came in at $9.7 billion. The cash was used to fund dividend payments, capital investments and debt reduction. In fact, Exxon has cut down its debt by $7 billion during 2021.

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.

Why is Exxon going up?

Exxon Mobil said higher oil and natural-gas prices could boost its third-quarter earnings by up to $1.5 billion, in a filing late Thursday. Natural-gas prices have surged around the world in recent months as shortages have hit the U.K., Europe and China, partly caused by increasing demand due to the Covid-19 recovery.

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Is Exxon undervalued?

Exxon Mobil (NYSE:XOM) stock looks like it is significantly undervalued at today’s price. … As of July 8, this represents a 25% potential upside for investors in the stock. The outlook for the company is generally positive as well.

Is Exxonmobil stock expected to go up?

Stock Price Forecast

The 26 analysts offering 12-month price forecasts for Exxon Mobil Corp have a median target of 72.50, with a high estimate of 111.00 and a low estimate of 50.00. The median estimate represents a +16.69% increase from the last price of 62.13.

What is the best oil stock to buy today?

10 Best Crude Oil Stocks to Buy Today

  • EOG Resources, Inc. (NYSE:EOG) …
  • ConocoPhillips (NYSE:COP) Number of Hedge Fund Holders: 50. …
  • Hess Corporation (NYSE:HES) Number of Hedge Fund Holders: 31. …
  • APA Corporation (NASDAQ:APA) Number of Hedge Fund Holders: 37. …
  • Marathon Oil Corporation (NYSE:MRO) Number of Hedge Fund Holders: 34.