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

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$103.90.

IMO has been the subject of several analyst reports. National Bankshares decreased their target price on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Raymond James boosted their price objective on shares of Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. Scotiabank lowered shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a report on Wednesday, September 25th. TD Securities boosted their price target on shares of Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, Wolfe Research downgraded Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 3rd.

Imperial Oil Stock Up 4.4 %

Shares of TSE IMO opened at C$94.55 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The firm has a market capitalization of C$50.66 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The firm’s 50-day moving average is C$98.66 and its 200-day moving average is C$98.20. Imperial Oil has a 1 year low of C$73.81 and a 1 year high of C$108.89.

Imperial Oil Dividend Announcement

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

Insider Activity at Imperial Oil

In related news, Director Bradley William Corson bought 4,800 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought 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 currently owned by company insiders.

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.