Imperial Oil Limited to Issue Quarterly Dividend of $0.60 (TSE:IMO)

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO declared a quarterly dividend on Friday, November 1st, Zacks reports. Investors of record on Tuesday, December 3rd will be paid a dividend of 0.60 per share on Wednesday, January 1st. This represents a $2.40 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Imperial Oil Stock Down 5.1 %

TSE IMO traded down C$5.33 during trading on Friday, hitting C$98.57. The company's stock had a trading volume of 1,368,162 shares, compared to its average volume of 960,077. Imperial Oil has a fifty-two week low of C$72.03 and a fifty-two week high of C$108.89. 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. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The business's 50 day simple moving average is C$99.83 and its 200-day simple moving average is C$96.71.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last released its earnings results on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, topping analysts' consensus estimates of C$1.94 by C$0.17. The company had revenue of C$13.38 billion during the quarter, compared to analysts' expectations of C$14.30 billion. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. On average, equities analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IMO shares. JPMorgan Chase & Co. lifted their price objective 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. Raymond James lifted their price target on Imperial Oil from C$97.00 to C$99.00 in a research report on Tuesday, October 15th. Wolfe Research raised Imperial Oil to a "strong-buy" rating in a report on Thursday, July 18th. BMO Capital Markets lifted their target price on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Finally, National Bankshares cut their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Imperial Oil currently has an average rating of "Hold" and an average target price 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.