Analysts Set Imperial Oil Limited (TSE:IMO) Price Target at C$105.67

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have covered the stock in the last year is C$105.67.

IMO has been the subject of a number of recent research reports. Raymond James lifted their price objective on shares of Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. National Bankshares raised their target price on shares of Imperial Oil from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Wolfe Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, January 3rd. CIBC raised their target price on shares of Imperial Oil from C$105.00 to C$108.00 in a report on Friday, January 17th. Finally, TD Securities raised their target price on shares of Imperial Oil from C$94.00 to C$97.00 and gave the stock a “hold” rating in a report on Friday, February 21st.

Imperial Oil Stock Performance

Shares of TSE:IMO opened at C$102.20 on Friday. Imperial Oil has a 52 week low of C$86.96 and a 52 week high of C$108.89. The stock has a market capitalization of C$53.35 billion, a P/E ratio of 10.98, a PEG ratio of 0.21 and a beta of 1.78. The firm has a fifty day simple moving average of C$98.63 and a two-hundred day simple moving average of C$98.68. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be issued a dividend of $0.72 per share. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, March 5th. This represents a $2.88 dividend on an annualized basis and a yield of 2.82%. 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.