Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$43.18.
IMO has been the topic of a number of recent research reports. National Bank Financial reduced their price objective on Imperial Oil from C$40.00 to C$36.00 in a research note on Thursday, August 3rd. AltaCorp Capital cut Imperial Oil from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co boosted their price objective on Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a research note on Thursday, September 14th. Royal Bank Of Canada reduced their price objective on Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Finally, TD Securities reduced their price objective on Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, November 30th.
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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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