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 given 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 TSE IMO traded down C$5.33 during midday trading on Friday, hitting C$98.57. 1,368,162 shares of the company’s stock were exchanged, compared to its average volume of 960,077. The firm’s fifty day simple moving average is C$99.83 and its 200-day simple moving average is C$96.71. The company has a market cap of C$52.82 billion, a PE ratio of 10.33, a P/E/G ratio of 0.21 and a beta of 1.78. Imperial Oil has a twelve month low of C$72.03 and a twelve month 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.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on IMO shares. JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$94.00 to C$97.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reduced their target price on Imperial Oil from C$108.00 to C$99.00 in a report on Tuesday, September 17th. Desjardins upped their target price on Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, BMO Capital Markets increased their price objective on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Imperial Oil currently has an average rating of “Hold” and a consensus price target of C$99.25.

About Imperial Oil

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.