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

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

Imperial Oil Trading Up 2.2%

IMO opened at C$167.16 on Tuesday. The stock has a market cap of C$80.84 billion, a PE ratio of 28.33, a PEG 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. The business has a 50 day moving average of C$177.13 and a 200-day moving average of C$153.90. Imperial Oil has a 52 week low of C$97.03 and a 52 week high of C$191.76.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on IMO shares. JPMorgan Chase & Co. cut their price objective on Imperial Oil from C$155.00 to C$149.00 in a report on Monday, May 4th. National Bank Financial lifted their price objective on Imperial Oil from C$139.00 to C$212.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 31st. TD cut their price objective on Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating for the company in a report on Wednesday, May 13th. Raymond James Financial lifted their price objective on Imperial Oil from C$107.00 to C$126.00 in a report on Monday, March 30th. Finally, Desjardins lifted their price objective on Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a report on Friday, February 20th. Four investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus price target 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.