Imperial Oil Ltd (IMO) to Issue Quarterly Dividend of $0.13 on October 1st
Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) announced a quarterly dividend on Monday, July 31st, Wall Street Journal reports. Investors of record on Friday, September 1st will be paid a dividend of 0.1279 per share by the energy company on Sunday, October 1st. This represents a $0.51 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.12.
Shares of Imperial Oil (IMO) opened at 29.06 on Friday. The company’s 50-day moving average is $28.95 and its 200 day moving average is $29.77. The stock has a market cap of $24.54 billion, a PE ratio of 11.60 and a beta of 1.14. Imperial Oil has a 52 week low of $27.59 and a 52 week high of $36.85.
Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last posted its quarterly earnings data on Friday, July 28th. The energy company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.30. Imperial Oil had a negative net margin of 1.10% and a negative return on equity of 1.23%. The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $8.40 billion. During the same period in the prior year, the company posted ($0.21) earnings per share. Imperial Oil’s quarterly revenue was up 12.6% compared to the same quarter last year. Analysts forecast that Imperial Oil will post $0.96 earnings per share for the current fiscal year.
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IMO has been the subject of a number of research analyst reports. CIBC lowered shares of Imperial Oil from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, May 23rd. Zacks Investment Research raised shares of Imperial Oil from a “strong sell” rating to a “hold” rating in a research report on Monday, June 19th. AltaCorp Capital downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Wednesday. BidaskClub downgraded Imperial Oil from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, National Bank Financial started coverage on Imperial Oil in a report on Tuesday, June 27th. They issued a “sector perform” rating on the stock. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $46.38.
Imperial Oil Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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