Imperial Oil Limited (TSE:IMO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received an average rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$101.23.

IMO has been the subject of several recent analyst reports. Raymond James raised their target price on shares of Imperial Oil from C$99.00 to C$101.50 in a research note on Monday, November 4th. Desjardins lifted their price objective on Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Scotiabank cut Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a research report on Wednesday, September 25th. Royal Bank of Canada raised their price target on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets upped their price objective on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th.

Imperial Oil Stock Down 0.3 %

IMO stock opened at C$104.53 on Friday. Imperial Oil has a 12 month low of C$72.03 and a 12 month high of C$108.89. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The company has a market cap of C$56.01 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company has a fifty day moving average price of C$99.68 and a 200 day moving average price of C$97.06.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is 25.16%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.