Imperial Oil Limited (TSE:IMO) Given Consensus Rating of “Hold” by Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have covered the stock in the last year is C$104.20.

A number of research firms recently commented on IMO. Royal Bank of Canada raised their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. Raymond James boosted their price objective on Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. Wolfe Research cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 3rd. BMO Capital Markets boosted their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Finally, TD Securities raised their price objective on shares of Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a research report on Friday, December 13th.

Insider Transactions at Imperial Oil

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

Imperial Oil Price Performance

TSE IMO opened at C$101.36 on Thursday. The company has a 50-day moving average price of C$97.65 and a two-hundred day moving average price of C$98.81. Imperial Oil has a 52 week low of C$75.53 and a 52 week high of C$108.89. The stock has a market cap of C$54.31 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, November 1st. The company reported C$2.33 EPS for the quarter, beating the consensus estimate of C$2.02 by C$0.31. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. During the same period in the previous year, the company posted $2.76 EPS. Analysts forecast that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were given a $0.60 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a yield of 2.37%. Imperial Oil’s dividend payout ratio is 25.16%.

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.