Imperial Oil Limited (NYSEAMERICAN:IMO) Announces Quarterly Dividend of C$0.87

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) announced a quarterly dividend on Friday, July 31st. Investors of record on Friday, September 4th will be paid a dividend of 0.87 per share by the energy company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, September 4th.

Imperial Oil has a dividend payout ratio of 41.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Imperial Oil to earn $9.01 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 23.3%.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN IMO traded up $0.77 during trading hours on Friday, reaching $129.57. The stock had a trading volume of 947,648 shares, compared to its average volume of 673,437. The firm has a 50-day moving average of $120.67 and a 200-day moving average of $120.38. The firm has a market cap of $62.66 billion, a price-to-earnings ratio of 30.56 and a beta of 0.45. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Imperial Oil has a fifty-two week low of $81.87 and a fifty-two week high of $139.44.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings results on Friday, July 31st. The energy company reported $4.52 EPS for the quarter, topping the consensus estimate of $3.61 by $0.91. Imperial Oil had a return on equity of 16.88% and a net margin of 6.22%.During the same quarter last year, the business earned $1.86 EPS. The business’s quarterly revenue was up 43.0% on a year-over-year basis. Equities research analysts predict that Imperial Oil will post 9.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Imperial Capital restated a “sell” rating on shares of Imperial Oil in a research report on Tuesday, June 23rd. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. TD Securities reissued a “sell” rating on shares of Imperial Oil in a research report on Wednesday, May 13th. Scotiabank reissued a “sector perform” rating on shares of Imperial Oil in a research report on Friday, July 17th. Finally, Desjardins upgraded shares of Imperial Oil to a “hold” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Imperial Oil presently has an average rating of “Reduce” and an average price target of $116.00.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.