Imperial Oil Limited (NYSEAMERICAN:IMO) Declares Quarterly Dividend of C$0.87

Key Points

• Imperial Oil declared a quarterly dividend of C$0.87 per share; shareholders of record on June 4 will be paid on July 1, with the dividend implying about a 2.7% yield.
• The company reported quarterly EPS of $1.94, beating estimates by $0.27 while revenue declined 0.6% year-over-year, and the stock traded at $128.48 on the report day.
• Imperial has a reported payout ratio of 41.2%, and analysts expect earnings to remain sufficient to cover dividends going forward, though the sell-side consensus rating is "Reduce" with an average target of $116.00.

Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO announced a quarterly dividend on Friday, May 1st. Shareholders of record on Thursday, June 4th will be paid a dividend of 0.87 per share by the energy company on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, June 4th.

Imperial Oil has a payout ratio of 41.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Imperial Oil to earn $7.44 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 28.2%.

Imperial Oil Stock Performance

IMO traded down $5.54 during trading hours on Friday, hitting $128.48. The company's stock had a trading volume of 1,359,947 shares, compared to its average volume of 758,908. The company has a 50-day simple moving average of $124.83 and a 200 day simple moving average of $105.93. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $62.13 billion, a PE ratio of 28.05 and a beta of 0.58. Imperial Oil has a fifty-two week low of $66.62 and a fifty-two week high of $134.31.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last issued its quarterly earnings results on Friday, May 1st. The energy company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.27. Imperial Oil had a return on equity of 18.02% and a net margin of 6.91%.During the same quarter last year, the business earned $2.52 EPS. Imperial Oil's quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Imperial Oil will post 8.45 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TD Securities reissued a "sell" rating on shares of Imperial Oil in a research report on Monday, February 23rd. Zacks Research upgraded Imperial Oil from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada cut Imperial Oil from a "sector perform" rating to an "underperform" rating and set a $116.00 target price on the stock. in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $116.00.

Imperial Oil Company Profile

Imperial Oil NYSEAMERICAN: IMO is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country's long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial's operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.

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