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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Wednesday, September 4th, Zacks reports. Stockholders of record on Tuesday, October 1st will be given a dividend of 0.60 per share on Tuesday, October 1st. This represents a $2.40 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Wednesday, September 4th.

Imperial Oil Stock Performance

The company has a 50 day moving average price of C$97.88 and a two-hundred day moving average price of C$94.09. The firm has a market cap of C$54.39 billion, a PE ratio of 10.64, a P/E/G ratio of 0.21 and a beta of 1.80. Imperial Oil has a 52 week low of C$72.03 and a 52 week high of C$106.09. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, beating the consensus estimate of C$1.94 by C$0.17. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. The company had revenue of C$13.38 billion during the quarter, compared to analysts’ expectations of C$14.30 billion. Equities research analysts forecast that Imperial Oil will post 9.237534 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IMO has been the subject of a number of analyst reports. Scotiabank decreased their price objective on Imperial Oil from C$111.00 to C$110.00 in a research note on Friday, July 12th. TD Securities lifted their price objective on Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Desjardins lifted their price objective on Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Raymond James set a C$93.00 price objective on Imperial Oil and gave the stock a “market perform” rating in a research note on Wednesday, May 29th. Finally, Wolfe Research upgraded Imperial Oil to a “strong-buy” rating in a report on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$100.15.

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.