Raymond James Issues Positive Forecast for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective upped by Raymond James from C$101.50 to C$104.00 in a research report report published on Friday,BayStreet.CA reports.

IMO has been the subject of several other research reports. TD Securities raised their target price on Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a research report on Friday. Royal Bank of Canada lifted their price objective on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. 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. JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Finally, BMO Capital Markets upped their price objective on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Nine research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Imperial Oil has a consensus rating of “Hold” and an average price target of C$103.90.

Imperial Oil Stock Down 1.1 %

Shares of IMO opened at C$96.00 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. The company has a 50-day moving average price of C$103.73 and a two-hundred day moving average price of C$98.33. The stock has a market cap of C$51.44 billion, a price-to-earnings 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.

Imperial Oil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st will be paid 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 (DPR) is currently 25.16%.

Insider Buying and Selling

In other news, Director Bradley William Corson acquired 4,800 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is currently owned by corporate insiders.

About Imperial Oil

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.