Imperial Oil Limited (TSE:IMO) Receives Consensus Rating of “Hold” from Brokerages

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has been given a consensus rating of “Hold” by the ten analysts that are covering the firm, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have covered the stock in the last year is C$104.10.

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. National Bankshares boosted their target price on Imperial Oil from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Raymond James upped their price objective on Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. Royal Bank of Canada boosted their target price on Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. Finally, CIBC increased their price target on Imperial Oil from C$105.00 to C$108.00 in a research report on Friday, January 17th.

Imperial Oil Stock Down 3.9 %

IMO opened at C$99.26 on Monday. The business has a 50-day moving average of C$96.11 and a 200-day moving average of C$99.20. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. Imperial Oil has a fifty-two week low of C$81.44 and a fifty-two week high of C$108.89. The company has a market capitalization of C$51.82 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.42%. Imperial Oil’s dividend payout ratio (DPR) is currently 25.78%.

Insider Activity

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

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.