Imperial Oil Limited (TSE:IMO) Receives C$103.35 Average Target Price from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$103.90.

IMO has been the topic of several recent research reports. Raymond James increased their price target on Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. TD Securities raised their price objective on Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a report on Friday, December 13th. BMO Capital Markets upped their target price on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. National Bankshares cut their price target on Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th.

Imperial Oil Trading Down 0.4 %

Shares of IMO stock opened at C$94.21 on Wednesday. The company has a market cap of C$50.48 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. Imperial Oil has a 1 year low of C$73.81 and a 1 year high of C$108.89. The stock’s 50 day simple moving average is C$103.34 and its two-hundred day simple moving average is C$98.30. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is 25.16%.

Insider Buying and Selling at Imperial Oil

In related news, Director Bradley William Corson acquired 4,800 shares of Imperial Oil stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is owned by corporate insiders.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.