Imperial Oil Limited (IMO.TO) (TSE:IMO) (NYSEMKT:IMO) declared a quarterly dividend on Friday, October 30th, Zacks reports. Investors of record on Thursday, December 3rd will be paid 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.
IMO opened at C$24.23 on Monday. The business has a 50 day moving average of C$19.15 and a 200-day moving average of C$20.57. The stock has a market cap of $17.79 billion and a PE ratio of -40.38. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 23.60. Imperial Oil Limited has a 52 week low of C$10.27 and a 52 week high of C$35.80.
A number of equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Imperial Oil Limited (IMO.TO) from C$23.00 to C$25.00 in a research note on Friday, November 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on Imperial Oil Limited (IMO.TO) from C$19.00 to C$23.00 in a research report on Wednesday, November 18th. TD Securities increased their target price 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. Scotiabank lowered their price target on Imperial Oil Limited (IMO.TO) from C$23.00 to C$22.00 in a research report on Tuesday, October 13th. Finally, Royal Bank of Canada set a C$24.00 price objective on shares of Imperial Oil Limited (IMO.TO) and gave the company a “sector perform” rating in a research report on Friday, November 20th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$22.71.
About Imperial Oil Limited (IMO.TO)
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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