Imperial Oil Limited (TSE:IMO) Declares $0.87 Quarterly Dividend

Key Points

• Imperial Oil declared a C$0.87 quarterly dividend, payable October 1 to shareholders of record that day; the reported dividend yield is 1.9%.
• The company reported quarterly revenue of C$15.98 billion and earnings of C$4.52 per share, with an 18.76% return on equity and a 7.81% net margin.
• Analyst sentiment remains cautious: five analysts rate the stock “Hold” and five rate it “Sell,” producing an average rating of “Reduce” and a consensus price target of C$143.25.

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO announced a quarterly dividend on Friday, September 4th. Shareholders of record on Thursday, October 1st will be paid a dividend of 0.87 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th.

Imperial Oil Stock Performance

IMO opened at C$187.68 on Wednesday. The company has a debt-to-equity ratio of 17.11, a quick ratio of 0.98 and a current ratio of 1.38. The company has a market cap of C$90.76 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 0.21 and a beta of 0.40. The stock has a 50-day moving average of C$175.98 and a 200-day moving average of C$173.14. Imperial Oil has a 52-week low of C$114.75 and a 52-week high of C$191.76.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last issued its quarterly earnings data on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%.The business had revenue of C$15.98 billion for the quarter. As a group, equities research analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IMO has been the subject of a number of analyst reports. TD boosted their price objective on shares of Imperial Oil from C$150.00 to C$151.00 and gave the stock a "sell" rating in a research note on Wednesday, August 5th. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a report on Friday, June 26th. JPMorgan Chase & Co. boosted their target price on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. National Bank Financial decreased their price target on shares of Imperial Oil from C$214.00 to C$209.00 and set a "sector perform" rating for the company in a report on Wednesday, August 5th. Finally, Desjardins set a C$160.00 price target on Imperial Oil and gave the company a "hold" rating in a research report on Friday, July 17th. Five investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of C$143.25.

About Imperial Oil

Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.

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