Imperial Oil (TSE:IMO) Given New C$100.00 Price Target at JPMorgan Chase & Co.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price hoisted by JPMorgan Chase & Co. from C$97.00 to C$100.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

Several other equities analysts have also issued reports on the stock. National Bankshares decreased their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Desjardins upped their target price on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets upped their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Raymond James upped their target price on shares of Imperial Oil from C$99.00 to C$101.50 in a research note on Monday, November 4th. Finally, Royal Bank of Canada upped their target price on shares of Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Imperial Oil has an average rating of “Hold” and a consensus price target of C$101.23.

Imperial Oil Price Performance

Shares of IMO stock opened at C$104.53 on Wednesday. Imperial Oil has a 12-month low of C$72.03 and a 12-month high of C$108.89. The firm has a market capitalization of C$56.01 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. The firm has a fifty day moving average of C$99.79 and a 200-day moving average of C$97.11.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.30%. Imperial Oil’s payout ratio is 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.