Imperial Oil (TSE:IMO) Price Target Raised to C$96.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by TD Securities from C$93.00 to C$96.00 in a research report released on Friday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities research analysts have also issued reports on IMO. Raymond James upped their price target on Imperial Oil from C$99.00 to C$101.50 in a research report on Monday, November 4th. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price objective on the stock. in a report on Wednesday, September 25th. 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. BMO Capital Markets lifted their price objective on Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. increased their target price on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$103.90.

Imperial Oil Stock Down 1.1 %

Shares of IMO opened at C$96.00 on Friday. The stock has a 50 day moving average price of C$103.73 and a 200 day moving average price of C$98.33. The stock has a market capitalization of C$51.44 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.21 and a beta of 1.78. 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 has a one year low of C$73.67 and a one year high of C$108.89.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st will be paid a $0.60 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.50%. Imperial Oil’s dividend payout ratio is presently 25.16%.

Insider Activity at Imperial Oil

In other Imperial Oil news, Director Bradley William Corson bought 4,800 shares of the company’s stock in a transaction 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 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.