Imperial Oil Limited (IMO.TO) (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Friday, October 30th, Zacks reports. Shareholders of record on Thursday, December 3rd will be given a dividend of 0.22 per share on Friday, January 1st. This represents a $0.88 annualized dividend and a yield of 3.63%. The ex-dividend date is Wednesday, December 2nd.
TSE IMO opened at C$24.23 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.74 and a debt-to-equity ratio of 23.60. Imperial Oil Limited has a 12-month low of C$10.27 and a 12-month high of C$35.80. The stock has a market capitalization of $17.79 billion and a price-to-earnings ratio of -40.38. The business’s 50 day moving average is C$19.15 and its two-hundred day moving average is C$20.57.
A number of brokerages have commented on IMO. CIBC increased their target price on Imperial Oil Limited (IMO.TO) from C$25.00 to C$26.00 in a report on Monday, November 23rd. Royal Bank of Canada set a C$24.00 target price on Imperial Oil Limited (IMO.TO) and gave the company a “sector perform” rating in a report on Friday, November 20th. Morgan Stanley decreased their price target on Imperial Oil Limited (IMO.TO) from C$27.00 to C$19.00 in a report on Tuesday, October 20th. National Bank Financial lifted their price objective on shares of Imperial Oil Limited (IMO.TO) from C$21.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Raymond James boosted their target price on shares of Imperial Oil Limited (IMO.TO) from C$17.00 to C$22.00 and gave the stock a “market perform” rating in a research report on Friday, November 20th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$22.71.
Imperial Oil Limited (IMO.TO) Company Profile
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2019, this segment had 397 million oil-equivalent barrels of proved undeveloped reserves.
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