Imperial Oil Limited Declares Quarterly Dividend of C$0.87 (NYSEAMERICAN:IMO)

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) announced a quarterly dividend on Friday, May 1st. Investors of record on Thursday, June 4th will be paid a dividend of 0.87 per share by the energy company on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, June 4th.

Imperial Oil has a dividend payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Imperial Oil to earn $7.44 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 28.2%.

Imperial Oil Stock Down 4.1%

Imperial Oil stock traded down $5.54 during mid-day trading on Friday, hitting $128.48. The company had a trading volume of 1,359,947 shares, compared to its average volume of 506,379. Imperial Oil has a 12 month low of $66.62 and a 12 month high of $134.31. The company has a market capitalization of $62.13 billion, a PE ratio of 28.05 and a beta of 0.48. The stock’s 50 day moving average price is $124.83 and its two-hundred day moving average price is $105.93. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IMO. Root Financial Partners LLC lifted its holdings in shares of Imperial Oil by 87.8% during the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. McMillan Office Inc. bought a new position in shares of Imperial Oil during the fourth quarter valued at $26,000. Westside Investment Management Inc. lifted its holdings in shares of Imperial Oil by 100.0% during the third quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after purchasing an additional 213 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Imperial Oil by 64.8% during the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after purchasing an additional 169 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Imperial Oil by 737.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after purchasing an additional 450 shares in the last quarter. 20.74% of the stock is owned by institutional investors.

About Imperial Oil

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.