Imperial Oil Limited (TSE:IMO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$101.23.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. TD Securities upped their price objective on shares of Imperial Oil from C$92.00 to C$93.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. National Bankshares cut their target price on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. BMO Capital Markets increased their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Finally, Royal Bank of Canada lifted their price objective on Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th.

Imperial Oil Stock Up 0.3 %

TSE IMO opened at C$106.33 on Friday. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$108.89. The stock has a market capitalization of C$56.98 billion, a PE ratio of 11.15, a PEG ratio of 0.21 and a beta of 1.78. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The business’s 50-day moving average is C$100.50 and its 200 day moving average is C$97.35.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.40 annualized dividend and a yield of 2.26%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.

About Imperial Oil

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.