Imperial Oil (TSE:IMO – Free Report) (NYSEMKT:IMO) had its target price hoisted by TD Securities from C$92.00 to C$93.00 in a research report report published on Tuesday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.
A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Wolfe Research raised shares of Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Desjardins upped their target price on Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price target on Imperial Oil from C$94.00 to C$97.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Raymond James upped their price objective on Imperial Oil from C$99.00 to C$101.50 in a research report on Monday. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Imperial Oil presently has a consensus rating of “Hold” and an average price target of C$99.71.
Read Our Latest Stock Analysis on Imperial Oil
Imperial Oil Stock Performance
Imperial Oil Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is 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.
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