Imperial Oil Ltd (IMO) Announces $0.16 Quarterly Dividend
Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Friday, October 27th, RTT News reports. Investors of record on Friday, December 1st will be given a dividend of 0.16 per share on Monday, January 1st. This represents a $0.64 annualized dividend and a dividend yield of 1.60%.
Shares of Imperial Oil (TSE:IMO) opened at 40.10 on Friday. The firm has a market capitalization of $33.86 billion and a PE ratio of 12.61. The company’s 50 day moving average is $38.98 and its 200 day moving average is $38.33. Imperial Oil has a 12-month low of $35.15 and a 12-month high of $48.72.
Several brokerages recently issued reports on IMO. JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$36.00 to C$38.00 and gave the company an “underweight” rating in a research report on Thursday, September 14th. National Bank Financial decreased their price objective on Imperial Oil from C$40.00 to C$36.00 in a research report on Thursday, August 3rd. TD Securities decreased their price objective on Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Royal Bank Of Canada decreased their price objective on Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a research report on Friday, August 4th. Finally, AltaCorp Capital lowered Imperial Oil from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$43.75.
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.
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