Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Friday, February 2nd, RTT News reports. Investors of record on Friday, March 2nd will be paid a dividend of 0.16 per share on Sunday, April 1st. This represents a $0.64 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, March 1st.
Shares of Imperial Oil (TSE:IMO) opened at C$35.28 on Wednesday. The firm has a market cap of $29,440.00, a P/E ratio of 60.83 and a beta of 0.47. Imperial Oil has a one year low of C$34.10 and a one year high of C$42.25.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, February 2nd. The company reported C$0.52 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.64 by C($0.12). The company had revenue of C$8.08 billion during the quarter, compared to analysts’ expectations of C$7.19 billion. Imperial Oil had a net margin of 5.19% and a return on equity of 5.95%.
Several brokerages have recently issued reports on IMO. Barclays cut their target price on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a report on Thursday, November 2nd. National Bank Financial raised their target price on shares of Imperial Oil from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 9th. Eight Capital set a C$39.00 target price on shares of Imperial Oil and gave the stock a “sell” rating in a report on Thursday, January 11th. Royal Bank of Canada upgraded shares of Imperial Oil from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from C$40.00 to C$41.00 in a report on Wednesday, January 31st. Finally, AltaCorp Capital upgraded shares of Imperial Oil from an “underperform” rating to a “sector perform” rating in a report on Monday, January 15th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$41.40.
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.
Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.