Imperial Oil Limited (TSE:IMO) Receives Consensus Rating of “Hold” from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$103.90.

Several equities analysts have recently weighed in on IMO shares. JPMorgan Chase & Co. raised their price target on shares of Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. Raymond James raised their price objective on shares of Imperial Oil from C$101.50 to C$104.00 in a research report on Friday, December 13th. BMO Capital Markets raised their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Scotiabank cut Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a report on Wednesday, September 25th. Finally, Wolfe Research downgraded shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday.

Imperial Oil Stock Up 0.1 %

TSE IMO opened at C$90.02 on Friday. Imperial Oil has a one year low of C$73.81 and a one year high of C$108.89. 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 business has a fifty day moving average price of C$99.14 and a 200 day moving average price of C$98.14. The company has a market cap of C$48.24 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.21 and a beta of 1.78.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were paid a $0.60 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.67%. Imperial Oil’s dividend payout ratio (DPR) is 25.16%.

Insider Transactions at Imperial Oil

In other news, Director Bradley William Corson purchased 4,800 shares of the stock in a transaction on Thursday, December 12th. The stock was bought at an average price of C$97.44 per share, for a total transaction of C$467,713.92. Corporate insiders own 71.26% of the company’s stock.

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.