Dow Component Exxon Mobil Corporation (XOM) To Go Ex-dividend Tomorrow

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading down 34.0 points (-0.2%) at 13,945 as of Wednesday, Feb 6, 2013, 10:35 a.m. ET. During this time, 156.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 630.3 million. The NYSE advances/declines ratio sits at 1,168 issues advancing vs. 1,572 declining with 189 unchanged.
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Thursday, February 7, 2013 is the ex-dividend date for Dow component Exxon Mobil Corporation (NYSE: XOM). Owners of shares as of market close today will be eligible for a dividend of 57 cents per share. At a price of $89.38 as of 10:36 a.m. ET, the dividend yield is 2.6% compared to the average Dow component yield of 2.7%.

The average volume for Exxon Mobil Corporation has been 13.3 million shares per day over the past 30 days. Exxon Mobil Corporation has a market cap of $406.47 billion and is part of the basic materials sector and energy industry. Shares are up 3.7% year to date as of Tuesday's close.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products. The company has a P/E ratio of 9.2, equal to the average energy industry P/E ratio.
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TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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