Imperial Oil Limited (NYSEAMERICAN:IMO – Get Free Report) (TSE:IMO) has earned a consensus recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $85.33.
Separately, StockNews.com raised Imperial Oil from a “hold” rating to a “buy” rating in a research note on Monday.
Institutional Investors Weigh In On Imperial Oil
Imperial Oil Stock Performance
Shares of IMO traded up $0.46 on Monday, reaching $71.16. 263,246 shares of the company’s stock traded hands, compared to its average volume of 417,330. The company has a market capitalization of $38.13 billion, a price-to-earnings ratio of 11.15 and a beta of 1.48. Imperial Oil has a 52-week low of $44.46 and a 52-week high of $74.58. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18.
Imperial Oil (NYSEAMERICAN:IMO – Get Free Report) (TSE:IMO) last released its quarterly earnings data on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.10. Imperial Oil had a net margin of 9.46% and a return on equity of 20.71%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $11.61 billion. As a group, sell-side analysts forecast that Imperial Oil will post 6.07 earnings per share for the current year.
Imperial Oil Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.4377 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Monday, June 3rd. Imperial Oil’s dividend payout ratio (DPR) is currently 27.74%.
About Imperial Oil
Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.
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