Imperial Oil Limited (IMO) To Go Ex-Dividend on June 3rd

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) declared a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.60 per share on Monday, July 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, June 3rd.

Imperial Oil Stock Performance

IMO stock opened at C$96.56 on Friday. The company has a market cap of C$51.74 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. Imperial Oil has a 1 year low of C$60.19 and a 1 year high of C$101.63. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98. The stock’s fifty day moving average price is C$91.57 and its 200-day moving average price is C$82.59.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.08 by C$0.39. The firm had revenue of C$13.11 billion for the quarter, compared to the consensus estimate 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 analysts forecast that Imperial Oil will post 8.4369527 earnings per share for the current year.

Wall Street Analyst Weigh In

IMO has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Imperial Oil from C$95.00 to C$115.00 in a research report on Thursday, March 28th. CIBC lifted their target price on Imperial Oil from C$90.00 to C$105.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. lowered their target price on Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. ATB Capital lifted their target price on Imperial Oil from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 20th. Finally, TD Securities downgraded Imperial Oil from a “buy” rating to a “hold” rating and lifted their target price for the company from C$87.00 to C$88.00 in a research report on Thursday, February 29th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$95.69.

Imperial Oil Company Profile

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.