Imperial Oil (TSE:IMO) Price Target Raised to C$108.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target lifted by CIBC from C$105.00 to C$108.00 in a research note published on Friday,BayStreet.CA reports.

A number of other research firms also recently weighed in on IMO. National Bankshares lowered their price target on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Royal Bank of Canada raised their price target on Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. BMO Capital Markets raised their price target on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. 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. Finally, TD Securities raised their price target on 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. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$104.20.

Imperial Oil Trading Up 0.1 %

Shares of IMO stock opened at C$98.86 on Friday. 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 has a 52-week low of C$73.81 and a 52-week high of C$108.89. The company has a market capitalization of C$52.97 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The business’s fifty day moving average is C$97.96 and its 200 day moving average is C$98.50.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.43%. Imperial Oil’s dividend payout ratio is currently 25.16%.

Insider Transactions at Imperial Oil

In other Imperial Oil news, Director Bradley William Corson bought 4,800 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of C$97.44 per share, with a total value of C$467,713.92. Company insiders own 71.26% of the company’s stock.

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.