Imperial Oil (TSE:IMO) Price Target Raised to C$101.00 at Royal Bank of Canada

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target lifted by Royal Bank of Canada from C$99.00 to C$101.00 in a research note released on Wednesday, BayStreet.CA reports.

A number of other brokerages also recently issued reports on IMO. Raymond James lifted their price target on Imperial Oil from C$99.00 to C$101.50 in a research report on Monday. BMO Capital Markets upped their price objective on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price for the company. in a research report on Wednesday, September 25th. Wolfe Research upgraded shares of Imperial Oil to a “strong-buy” rating in a report on Thursday, July 18th. Finally, TD Securities lifted their target price on shares of Imperial Oil from C$92.00 to C$93.00 and gave the stock a “hold” rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Imperial Oil has a consensus rating of “Hold” and a consensus target price of C$99.71.

Imperial Oil Price Performance

Shares of TSE:IMO opened at C$101.02 on Wednesday. The company has a 50 day moving average of C$99.65 and a 200 day moving average of C$96.79. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. Imperial Oil has a 12 month low of C$72.03 and a 12 month high of C$108.89. The stock has a market cap of C$54.13 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.21 and a beta of 1.78.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.38%. Imperial Oil’s dividend payout ratio is presently 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.