Imperial Oil (TSE:IMO) Price Target Raised to C$101.50

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target increased by Raymond James from C$99.00 to C$101.50 in a research report report published on Monday, BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. TD Securities raised their price target on shares of Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Wolfe Research upgraded Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target on the stock. in a research report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Finally, Desjardins increased their target price on Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Ten investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$99.71.

Imperial Oil Stock Performance

Shares of TSE IMO opened at C$101.02 on Monday. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The firm has a market cap of C$54.13 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 0.21 and a beta of 1.78. The stock’s fifty day moving average price is C$99.65 and its two-hundred day moving average price is C$96.79. Imperial Oil has a one year low of C$72.03 and a one year 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 Tuesday, December 3rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.38%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.