Full Answer
Will Xom ever split its shares?
XOM has regularly split its shares in the 20th century, but due to low share price growth, there have not been any splits in the recent past. We believe that another stock split in the foreseeable future is unlikely, but that doesn't mean that XOM must be a bad investment.
When was the first Xom stock split?
The first split for XOM took place on July 26, 1976. This was a 2 for 1 split, meaning for each share of XOM owned pre-split, the shareholder now owned 2 shares.
What happens to share prices after a stock split?
For example, a 16000 share position pre-split, became a 32000 share position following the split. When a company such as Exxon Mobil splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share.
What is Xom's dividend payout ratio?
XOM Payout Ratio: N/A (Trailing 12 Months of Earnings) 81.31% (Based on This Year's Estimates) 73.42% (Based on Next Year's Estimates) 32.84% (Based on Cash Flow) XOM Dividend Track Record: 1 Years of Consecutive Dividend Growth: XOM Dividend Frequency: Quarterly Dividend: XOM Most Recent Increase: $0.05 increase on 4/24/2019
When did XOM split?
XOM's third split took place on September 15, 1987. This was a 2 for 1 split, meaning for each share of XOM owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. XOM's 4th split took place on April 14, 1997.
What happens when Exxon Mobil splits its stock?
When a company such as Exxon Mobil splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers.
How many splits does Exxon Mobil have?
Exxon Mobil (XOM) has 5 splits in our Exxon Mobil stock split history database. The first split for XOM took place on July 26, 1976. This was a 2 for 1 split, meaning for each share of XOM owned pre-split, the shareholder now owned 2 shares.
What does "2 for 1" mean in XOM?
This was a 2 for 1 split, meaning for each share of XOM owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. XOM's third split took place on September 15, 1987.
Does a lower price stock increase market capitalization?
If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
ExxonMobil stock splits
Here are the dates and split ratios for the stock splits ExxonMobil has done in the past:
When ExxonMobil historically did stock splits
ExxonMobil's history of stock splits follows a pattern that many other stock market giants have used to guide their own stock-split decisions. In 1976, ExxonMobil shares climbed above the $100 mark, and a few months later, Exxon implemented its first stock split in 20 years, sending the stock back down into the $50s.
Why ExxonMobil hasn't split
Since 2001, however, ExxonMobil hasn't split its shares. One possible time when a split might have happened was 2007, when oil prices hit $150 per barrel and Exxon shares again neared triple-digit levels. Still, the ensuing oil bust occurred before Exxon could pull the trigger, and the stock eventually lost about a third of its value by 2010.
Will ExxonMobil ever split again?
The big question for ExxonMobil shareholders is whether they'll get one more stock split out of the oil giant. With a market cap of more than $350 billion, it's easy to think any future stock split will be the company's last, if only because doubling in size repeatedly becomes more difficult each time.
What is Exxon Mobil's dividend yield?
The current dividend yield for Exxon Mobil (NYSE:XOM) is 4.59%. Learn more
When is Exxon Mobil's next dividend payment?
Exxon Mobil's next quarterly dividend payment of $0.88 per share will be made to shareholders on Thursday, March 10, 2022.
When was Exxon Mobil's most recent dividend payment?
Exxon Mobil's most recent quarterly dividend payment of $0.88 per share was made to shareholders on Friday, December 10, 2021.
What track record does Exxon Mobil have of raising its dividend?
Exxon Mobil (NYSE:XOM) has increased its dividend for the past 38 consecutive years.
When did Exxon Mobil last increase or decrease its dividend?
The most recent change in Exxon Mobil's dividend was an increase of $0.01 on Wednesday, October 27, 2021.
Analyst price target for XOM
Based on 12 analyst s offering 12 month price targets for Exxon Mobil Corp.
XOM earnings per share forecast
What is XOM 's earnings per share in the next 2 years based on estimates from 8 analyst s?
XOM revenue forecast
What is XOM 's revenue in the next 2 years based on estimates from 4 analyst s?
XOM revenue growth forecast
How is XOM forecast to perform vs Oil & Gas Integrated companies and vs the US market?
