Imperial Oil Limited (TSE:IMO) Receives C$103.90 Consensus Target Price from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$103.90.

Several research analysts have commented on the stock. Raymond James raised their price target on shares of Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. Scotiabank cut 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. TD Securities upped their target price on Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Finally, Wolfe Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd.

Insiders Place Their Bets

In related news, Director Bradley William Corson purchased 4,800 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of C$97.44 per share, with a total value of C$467,713.92. 71.26% of the stock is currently owned by insiders.

Imperial Oil Trading Down 0.8 %

Shares of Imperial Oil stock opened at C$94.53 on Friday. The company’s 50-day moving average price is C$98.33 and its 200-day moving average price is C$98.27. The company has a market cap of C$50.65 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a 12-month low of C$73.81 and a 12-month high of C$108.89. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, January 1st were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Tuesday, December 3rd. Imperial Oil’s payout ratio is presently 25.16%.

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.