Imperial Oil Limited Announces Quarterly Dividend of $0.87 (TSE:IMO)

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Thursday, June 4th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.87 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, June 4th.

Imperial Oil Stock Performance

Shares of IMO stock opened at C$167.16 on Tuesday. The company has a 50 day moving average price of C$177.13 and a 200-day moving average price of C$153.90. Imperial Oil has a 52 week low of C$97.03 and a 52 week high of C$191.76. The firm has a market capitalization of C$80.84 billion, a PE ratio of 28.33, a P/E/G ratio of 0.21 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 18.20.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, May 1st. The company reported C$1.94 EPS for the quarter. Imperial Oil had a net margin of 6.27% and a return on equity of 13.43%. The firm had revenue of C$12.42 billion during the quarter. As a group, equities research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on IMO. Desjardins lifted their price target on shares of Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a research note on Friday, February 20th. TD Securities lifted their price target on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. reduced their price target on shares of Imperial Oil from C$155.00 to C$149.00 in a research note on Monday, May 4th. National Bank Financial lifted their price target on shares of Imperial Oil from C$139.00 to C$212.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada lifted their price target on shares of Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 8th. Four analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Strong Sell” and a consensus target price of C$137.00.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.