A number of other brokerages have also weighed in on IMO. TD Securities lifted their target price on Imperial Oil from C$42.00 to C$43.00 and gave the company a hold rating in a research report on Thursday, November 2nd. National Bank Financial lifted their target price on Imperial Oil from C$39.00 to C$41.00 and gave the company a sector perform rating in a research report on Tuesday, January 9th. JPMorgan Chase & Co. lifted their target price on Imperial Oil from C$36.00 to C$38.00 and gave the company an underweight rating in a research report on Thursday, September 14th. Finally, Barclays decreased their target price on Imperial Oil from C$44.00 to C$38.00 and set an underweight rating for the company in a research report on Thursday, November 2nd. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock has an average rating of Hold and an average target price of C$42.27.
Shares of Imperial Oil (TSE:IMO) opened at C$38.93 on Thursday. The firm has a market capitalization of $32,440.00, a price-to-earnings ratio of 15.95 and a beta of 0.51. Imperial Oil has a 1 year low of C$35.15 and a 1 year high of C$45.48.
The business also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 1st were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Thursday, November 30th. Imperial Oil’s payout ratio is 25.41%.
In related news, Director David Wallace Cornhill purchased 5,500 shares of Imperial Oil stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of C$39.78 per share, with a total value of C$218,790.00.
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About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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