Imperial Oil Limited Announces Quarterly Dividend of $0.60 (TSE:IMO)

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) declared a quarterly dividend on Friday, November 1st, Zacks reports. Stockholders of record on Tuesday, December 3rd will be paid a dividend of 0.60 per share on Wednesday, January 1st. This represents a $2.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Imperial Oil Stock Down 5.1 %

Shares of IMO opened at C$98.57 on Friday. The stock has a 50 day simple moving average of C$99.83 and a two-hundred day simple moving average of C$96.71. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$108.89. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The firm has a market cap of C$52.82 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.21 and a beta of 1.78.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, topping analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. The firm had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. On average, analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IMO has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Imperial Oil from C$94.00 to C$97.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Raymond James lifted their price objective on Imperial Oil from C$97.00 to C$99.00 in a research note on Tuesday, October 15th. Wolfe Research upgraded Imperial Oil to a “strong-buy” rating in a research report on Thursday, July 18th. Desjardins boosted their price objective on shares of Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Finally, National Bankshares cut their target price on shares of Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$99.25.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.