Imperial Oil (TSE:IMO) Price Target Raised to C$96.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target boosted by TD Securities from C$93.00 to C$96.00 in a research note released on Friday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

IMO has been the subject of a number of other reports. National Bankshares lowered their target price on shares of Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. BMO Capital Markets increased their target price on Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Royal Bank of Canada boosted their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their target price on Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. Finally, Raymond James raised their price objective on shares of Imperial Oil from C$99.00 to C$101.50 in a report on Monday, November 4th. Nine analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Imperial Oil presently has an average rating of “Hold” and a consensus target price of C$103.90.

Imperial Oil Stock Performance

Shares of IMO opened at C$96.00 on Friday. Imperial Oil has a 1 year low of C$73.67 and a 1 year high of C$108.89. The company’s 50 day simple moving average is C$103.73 and its 200 day simple moving average is C$98.33. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The company has a market capitalization of C$51.44 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.21 and a beta of 1.78.

Imperial Oil Announces Dividend

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

Insider Buying and Selling at Imperial Oil

In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the firm’s stock in a transaction that occurred on 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. 71.26% of the stock is currently owned by company insiders.

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.