Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO announced a quarterly dividend on Friday, April 26th, Zacks reports. Investors 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 %
TSE:IMO traded down C$0.80 during trading hours on Friday, reaching C$96.56. The company's stock had a trading volume of 937,221 shares, compared to its average volume of 879,010. The company has a market cap of C$51.74 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. Imperial Oil has a one year low of C$60.19 and a one year high of C$101.63. The business's 50-day moving average is C$91.57 and its 200-day moving average is C$82.59. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98.
Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last issued its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$2.08 by C$0.39. The firm had revenue of C$13.11 billion during the quarter, compared to analysts' expectations of C$16.57 billion. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. Equities research analysts predict that Imperial Oil will post 8.4369527 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on IMO shares. CIBC boosted their target price on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a "neutral" rating in a research report on Monday, April 22nd. BMO Capital Markets boosted their target price on shares of Imperial Oil from C$95.00 to C$115.00 in a research report on Thursday, March 28th. Royal Bank of Canada boosted their target price on shares of Imperial Oil from C$85.00 to C$100.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. cut their target price on shares of Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. Finally, National Bankshares upped their price objective on shares of Imperial Oil from C$90.00 to C$120.00 and gave the company a "sector perform" rating in a research report on Friday, April 19th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Imperial Oil currently has an average rating of "Hold" and an average price target of C$95.69.
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About Imperial Oil
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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.
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