Imperial Oil Limited (TSE:IMO) Given Consensus Rating of “Hold” by Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating. The average 12 month price objective among brokerages that have covered the stock in the last year is C$104.20.

A number of research firms have commented on IMO. BMO Capital Markets lifted their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Royal Bank of Canada increased their price target on shares of Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. Raymond James increased their target price on shares of Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. TD Securities upped their price objective on shares of Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, CIBC lifted their target price on Imperial Oil from C$105.00 to C$108.00 in a report on Friday, January 17th.

Insider Activity at Imperial Oil

In related news, Director Bradley William Corson bought 4,800 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is owned by insiders.

Imperial Oil Stock Performance

IMO stock opened at C$101.36 on Thursday. The stock has a market capitalization of C$54.31 billion, a PE ratio of 10.62, 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 current ratio of 1.40 and a quick ratio of 0.98. The company has a 50 day moving average price of C$97.65 and a 200 day moving average price of C$98.81. Imperial Oil has a fifty-two week low of C$75.53 and a fifty-two week high of C$108.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, November 1st. The company reported C$2.33 EPS for the quarter, topping analysts’ consensus estimates of C$2.02 by C$0.31. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. During the same period last year, the business earned $2.76 earnings per share. Analysts forecast that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, January 1st were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.37%. Imperial Oil’s payout ratio is presently 25.16%.

Imperial Oil Company Profile

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.