Imperial Oil (TSE:IMO) Price Target Raised to C$100.00 at JPMorgan Chase & Co.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price lifted by JPMorgan Chase & Co. from C$97.00 to C$100.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

IMO has been the topic of a number of other research reports. Raymond James boosted their target price on shares of Imperial Oil from C$99.00 to C$101.50 in a report on Monday, November 4th. Scotiabank lowered shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price objective on the stock. in a research note on Wednesday, September 25th. Royal Bank of Canada raised their target price on shares of Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. TD Securities lifted their target price on shares of Imperial Oil from C$92.00 to C$93.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Wolfe Research upgraded Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Nine analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$101.23.

Imperial Oil Trading Up 0.2 %

TSE IMO opened at C$101.88 on Wednesday. The firm has a market capitalization of C$54.59 billion, a PE ratio of 10.63, a P/E/G ratio of 0.21 and a beta of 1.78. The stock’s 50 day moving average is C$99.60 and its 200 day moving average is C$96.97. Imperial Oil has a twelve month low of C$72.03 and a twelve month high of C$108.89. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27.

Imperial Oil Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s payout ratio 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.