Imperial Oil (TSE:IMO) Given New C$100.00 Price Target at JPMorgan Chase & Co.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price upped by JPMorgan Chase & Co. from C$97.00 to C$100.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

A number of other research firms have also recently weighed in on IMO. Wolfe Research raised shares of Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Desjardins lifted their price target on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. BMO Capital Markets lifted their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Raymond James lifted their price target on shares of Imperial Oil from C$99.00 to C$101.50 in a report on Monday, November 4th. Finally, TD Securities lifted their price target on shares of Imperial Oil from C$92.00 to C$93.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Nine equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$101.23.

Imperial Oil Stock Performance

TSE IMO opened at C$104.53 on Wednesday. The firm’s fifty day moving average price is C$99.79 and its two-hundred day moving average price is C$97.11. The stock has a market cap of C$56.01 billion, a PE ratio of 10.96, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a fifty-two week low of C$72.03 and a fifty-two week high of C$108.89. 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 announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.40 annualized dividend and a yield of 2.30%. Imperial Oil’s payout ratio 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.