Imperial Oil Limited (TSE:IMO) Receives Average Rating of “Hold” from Analysts

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received a consensus rating of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$104.00.

IMO has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. National Bankshares increased their price objective on Imperial Oil from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. TD Securities upped their price target on shares of Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Wolfe Research downgraded shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th.

Imperial Oil Stock Down 0.4 %

IMO stock opened at C$95.16 on Thursday. The business’s 50-day moving average is C$96.86 and its two-hundred day moving average is C$98.94. The company has a market cap of C$50.99 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 0.21 and a beta of 1.78. Imperial Oil has a fifty-two week low of C$76.18 and a fifty-two week high of C$108.89. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.52%. Imperial Oil’s dividend payout ratio (DPR) is 25.16%.

Insider Activity at Imperial Oil

In other Imperial Oil news, Director Bradley William Corson bought 4,800 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of C$97.44 per share, with a total value of C$467,713.92. Corporate insiders own 71.26% of the company’s stock.

Imperial Oil Company Profile

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.