Imperial Oil Limited (TSE:IMO) Receives Consensus Recommendation of “Hold” from Analysts

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$103.90.

Several brokerages have recently issued reports on IMO. Royal Bank of Canada upped their target price on shares of Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. BMO Capital Markets increased their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. TD Securities upped 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. Raymond James raised their price target on Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. Finally, Scotiabank cut shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price objective for the company. in a research report on Wednesday, September 25th.

Imperial Oil Stock Performance

Shares of TSE IMO opened at C$90.02 on Friday. The firm’s fifty day moving average is C$99.14 and its two-hundred day moving average is C$98.14. Imperial Oil has a 52-week low of C$73.81 and a 52-week high of C$108.89. The company has a market cap of C$48.24 billion, a P/E ratio of 9.44, a P/E/G 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a yield of 2.67%. Imperial Oil’s payout ratio is presently 25.16%.

Insider Buying and Selling

In related news, Director Bradley William Corson acquired 4,800 shares of Imperial Oil stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of C$97.44 per share, for a total transaction of C$467,713.92. Corporate insiders own 71.26% of the company’s stock.

About Imperial Oil

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.