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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) declared 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 of this dividend is Monday, June 3rd.

Imperial Oil Stock Performance

Shares of IMO stock opened at C$96.56 on Friday. Imperial Oil has a 12-month low of C$60.19 and a 12-month high of C$101.63. The firm has a market capitalization 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. The business has a 50 day simple moving average of C$91.57 and a 200 day simple moving average of C$82.58. 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) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, beating 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 analyst estimates of C$16.57 billion. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. On average, equities research analysts anticipate that Imperial Oil will post 8.4369527 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. ATB Capital increased their price target on Imperial Oil from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. decreased their price target on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. CIBC increased their price target on Imperial Oil from C$90.00 to C$105.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Desjardins increased their price target on Imperial Oil from C$88.00 to C$92.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, TD Securities lowered Imperial Oil from a “buy” rating to a “hold” rating and increased their price target for the company from C$87.00 to C$88.00 in a research note on Thursday, February 29th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Imperial Oil presently has an average rating of “Hold” and a consensus price target of C$95.69.

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.