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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Friday, November 1st, Zacks reports. Stockholders of record on Tuesday, December 3rd will be given a dividend of 0.60 per share on Wednesday, January 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Imperial Oil Price Performance

IMO stock opened at C$98.57 on Friday. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The business has a 50 day simple moving average of C$99.83 and a 200-day simple moving average of C$96.71. The firm has a market capitalization of C$52.82 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$108.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. The business had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. Equities research analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on IMO. Royal Bank of Canada lowered their price objective on Imperial Oil from C$108.00 to C$99.00 in a research report on Tuesday, September 17th. Wolfe Research upgraded Imperial Oil to a “strong-buy” rating in a research report on Thursday, July 18th. Desjardins increased their price objective on Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Raymond James increased their price objective on Imperial Oil from C$97.00 to C$99.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets increased their price objective on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Ten research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$99.25.

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.