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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) declared a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Monday, June 3rd will be paid a dividend of 0.60 per share on Monday, July 1st. This represents a $2.40 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Monday, June 3rd.

Imperial Oil Stock Down 0.8 %

Shares of TSE:IMO opened at C$96.56 on Friday. The stock has a fifty day simple moving average of C$91.57 and a two-hundred day simple moving average of C$82.58. The stock has a market capitalization of C$51.74 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.21 and a beta of 1.84. Imperial Oil has a 12-month low of C$60.19 and a 12-month high of C$101.63. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.08 by C$0.39. The business had revenue of C$13.11 billion during the quarter, compared to analysts’ expectations of C$16.57 billion. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. On average, research analysts anticipate that Imperial Oil will post 8.4369527 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IMO. Royal Bank of Canada boosted their price target on Imperial Oil from C$85.00 to C$100.00 in a research note on Tuesday, April 9th. JPMorgan Chase & Co. decreased their price target on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. BMO Capital Markets boosted their price target on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Desjardins boosted their price target on Imperial Oil from C$88.00 to C$92.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, CIBC lifted their price objective on Imperial Oil from C$90.00 to C$105.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$95.69.

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.