Analysts Set Imperial Oil Limited (TSE:IMO) Price Target at C$104.10

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have covered the stock in the last year is C$104.10.

Several research firms recently weighed in on IMO. JPMorgan Chase & Co. upped their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. National Bankshares upped their price objective on shares of Imperial Oil from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. CIBC upped their price objective on shares of Imperial Oil from C$105.00 to C$108.00 in a research report on Friday, January 17th. Raymond James upped their price objective on shares of Imperial Oil from C$101.50 to C$104.00 in a research report on Friday, December 13th. Finally, Wolfe Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd.

Insider Activity

In other Imperial Oil news, Director Bradley William Corson purchased 4,800 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price 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 Trading Down 0.2 %

Shares of IMO opened at C$97.80 on Monday. The business’s 50-day moving average price is C$96.37 and its 200-day moving average price is C$99.25. Imperial Oil has a twelve month low of C$83.24 and a twelve month high of C$108.89. The stock has a market cap of C$51.06 billion, a PE ratio of 10.50, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 25.78%.

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.