Imperial Oil (TSE:IMO – Free Report) (NYSEMKT:IMO) had its price target reduced by Royal Bank of Canada from C$108.00 to C$99.00 in a research report released on Tuesday, BayStreet.CA reports.
IMO has been the topic of a number of other reports. Wolfe Research raised shares of Imperial Oil to a strong-buy rating in a research note on Thursday, July 18th. Scotiabank reduced their price target on shares of Imperial Oil from C$111.00 to C$110.00 in a research report on Friday, July 12th. Desjardins lifted their price target on shares of Imperial Oil from C$92.00 to C$101.00 and gave the company a hold rating in a research report on Tuesday, July 23rd. Raymond James set a C$93.00 price target on shares of Imperial Oil and gave the company a market perform rating in a research report on Wednesday, May 29th. Finally, TD Securities lifted their price target on shares of Imperial Oil from C$91.00 to C$92.00 and gave the company a hold rating in a research report on Thursday, August 8th. Nine equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Imperial Oil presently has a consensus rating of Hold and an average target price of C$99.69.
Read Our Latest Report on Imperial Oil
Imperial Oil Trading Up 2.3 %
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last released its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. The business had revenue of C$13.38 billion for the quarter, compared to analyst estimates of C$14.30 billion.
Imperial Oil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Wednesday, September 4th. Imperial Oil’s payout ratio is 25.16%.
Imperial Oil Company Profile
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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