Imperial Oil Limited (IMO.TO) (TSE:IMO) (NYSEMKT:IMO) declared a quarterly dividend on Friday, October 30th, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, December 2nd.
TSE IMO opened at C$24.23 on Monday. Imperial Oil Limited has a twelve month low of C$10.27 and a twelve month high of C$35.80. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 23.60. The stock has a market cap of $17.79 billion and a P/E ratio of -40.38. The company’s 50-day simple moving average is C$19.15 and its 200 day simple moving average is C$20.57.
Several research firms have recently weighed in on IMO. Raymond James upped their price objective on Imperial Oil Limited (IMO.TO) from C$17.00 to C$22.00 and gave the company a “market perform” rating in a research note on Friday, November 20th. BMO Capital Markets upped their price target on Imperial Oil Limited (IMO.TO) from C$23.00 to C$25.00 in a research report on Friday, November 20th. TD Securities increased their price objective on Imperial Oil Limited (IMO.TO) from C$19.00 to C$23.00 and gave the stock a “hold” rating in a research note on Friday, November 20th. CIBC lifted their price target on shares of Imperial Oil Limited (IMO.TO) from C$25.00 to C$26.00 in a report on Monday, November 23rd. Finally, Tudor Pickering & Holt set a C$22.00 price target on shares of Imperial Oil Limited (IMO.TO) and gave the stock a “sell” rating in a research report on Friday, November 20th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target 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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