Imperial Oil Limited (TSE:IMO) Receives C$103.35 Consensus Price Target from Brokerages

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$103.90.

IMO has been the subject of several analyst reports. National Bankshares lowered their target price on Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. TD Securities upped their target price on shares of Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. BMO Capital Markets lifted their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Royal Bank of Canada increased their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. Finally, Raymond James lifted their price target on Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th.

Imperial Oil Trading Down 0.4 %

Shares of IMO stock opened at C$94.21 on Wednesday. Imperial Oil has a fifty-two week low of C$73.81 and a fifty-two week high of C$108.89. The company has a 50 day moving average price of C$103.34 and a 200 day moving average price of C$98.30. The stock has a market capitalization of C$50.48 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is 25.16%.

Insider Activity at Imperial Oil

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

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.