Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO declared a quarterly dividend on Monday, November 4th, Wall Street Journal reports. Stockholders of record on Tuesday, December 3rd will be given a dividend of 0.4304 per share by the energy company on Wednesday, January 1st. This represents a $1.72 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, December 3rd.
Imperial Oil has increased its dividend by an average of 42.8% per year over the last three years. Imperial Oil has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Imperial Oil to earn $5.34 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 32.2%.
Imperial Oil Stock Performance
Imperial Oil stock traded up $0.05 during trading hours on Monday, reaching $70.77. The stock had a trading volume of 605,974 shares, compared to its average volume of 401,388. The company has a market capitalization of $37.40 billion, a PE ratio of 10.02 and a beta of 1.44. Imperial Oil has a 52 week low of $52.97 and a 52 week high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.40.
Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last posted its quarterly earnings data on Friday, November 1st. The energy company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.48 by $0.23. The firm had revenue of $9.72 billion during the quarter, compared to analyst estimates of $11.29 billion. Imperial Oil had a net margin of 10.05% and a return on equity of 22.73%. Research analysts expect that Imperial Oil will post 6.14 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. StockNews.com cut Imperial Oil from a "buy" rating to a "hold" rating in a research report on Wednesday, August 28th. Scotiabank reissued a "sector perform" rating and issued a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. Finally, Wolfe Research began coverage on Imperial Oil in a research note on Thursday, July 18th. They set an "outperform" rating and a $108.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Imperial Oil currently has a consensus rating of "Hold" and an average price target of $101.00.
Get Our Latest Report on Imperial Oil
Imperial Oil Company Profile
(
Get Free Report)
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.
See Also
Before you consider Imperial Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Imperial Oil wasn't on the list.
While Imperial Oil currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
