Imperial Oil Limited (TSE:IMO) Receives C$103.35 Consensus Target Price from Analysts

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has been given a consensus rating of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$103.90.

Several research firms recently issued reports on IMO. TD Securities boosted their price objective on Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a report on Friday. National Bankshares cut their price objective on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Royal Bank of Canada boosted their price objective on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target on the stock. in a report on Wednesday, September 25th. Finally, BMO Capital Markets upped their price target on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th.

Imperial Oil Price Performance

IMO stock opened at C$96.00 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The company has a market capitalization of C$51.44 billion, a PE ratio of 10.06, a P/E/G ratio of 0.21 and a beta of 1.78. Imperial Oil has a 12-month low of C$73.67 and a 12-month high of C$108.89. The business’s fifty day moving average price is C$103.73 and its 200 day moving average price is C$98.33.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.50%. Imperial Oil’s dividend payout ratio is currently 25.16%.

Insider Transactions at Imperial Oil

In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired 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.