Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Friday, October 27th, RTT News reports. Investors of record on Friday, December 1st will be paid a dividend of 0.16 per share on Monday, January 1st. This represents a $0.64 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, November 30th.
Imperial Oil (TSE IMO) traded up C$0.02 during trading hours on Friday, reaching C$40.60. 616,333 shares of the company’s stock were exchanged, compared to its average volume of 682,247. Imperial Oil has a one year low of C$35.15 and a one year high of C$48.72.
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IMO has been the topic of a number of recent research reports. TD Securities raised their target price on shares of Imperial Oil from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Thursday, November 2nd. National Bank Financial cut their target price on shares of Imperial Oil from C$40.00 to C$36.00 in a report on Thursday, August 3rd. AltaCorp Capital lowered shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. Barclays PLC dropped their price target on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. Finally, J P Morgan Chase & Co raised their price target on shares of Imperial Oil from C$36.00 to C$38.00 and gave the company an “underweight” rating in a research note on Thursday, September 14th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$42.92.
About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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