Brokerages Set Imperial Oil Limited (TSE:IMO) Price Target at C$104.10

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has earned an average recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$104.10.

Several brokerages recently issued reports on IMO. TD Securities raised their price target on Imperial Oil from C$94.00 to C$97.00 and gave the stock a “hold” rating in a report on Friday, February 21st. National Bankshares raised their target price on Imperial Oil from C$109.00 to C$110.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Royal Bank of Canada upped their price target on shares of Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. Finally, CIBC upped their target price on shares of Imperial Oil from C$105.00 to C$108.00 in a research report on Friday, January 17th.

Insider Buying and Selling

In other news, Director Bradley William Corson bought 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of C$97.44 per share, with a total value of C$467,713.92. 71.26% of the stock is owned by corporate insiders.

Imperial Oil Price Performance

IMO opened at C$98.09 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The company’s 50-day moving average price is C$96.71 and its 200 day moving average price is C$99.26. Imperial Oil has a fifty-two week low of C$83.24 and a fifty-two week high of C$108.89. The firm has a market cap of C$51.21 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be issued a $0.72 dividend. The ex-dividend date is Wednesday, March 5th. This is a boost from Imperial Oil’s previous quarterly dividend of $0.60. This represents a $2.88 annualized dividend and a dividend yield of 2.94%. Imperial Oil’s dividend payout ratio (DPR) is 25.78%.

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.