Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has received a consensus recommendation of “Hold” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$41.40.
IMO has been the subject of a number of research analyst reports. Royal Bank of Canada raised shares of Imperial Oil from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from C$40.00 to C$41.00 in a research report on Wednesday, January 31st. TD Securities increased their target price on shares of Imperial Oil from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research report on Thursday, November 2nd. National Bank Financial increased their target price on shares of Imperial Oil from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 9th. Eight Capital set a C$39.00 target price on shares of Imperial Oil and gave the stock a “sell” rating in a research report on Thursday, January 11th. Finally, AltaCorp Capital raised shares of Imperial Oil from an “underperform” rating to a “sector perform” rating in a research report on Monday, January 15th.
Shares of Imperial Oil (TSE:IMO) opened at C$35.53 on Tuesday. The stock has a market cap of $29,530.00, a P/E ratio of 61.26 and a beta of 0.47. Imperial Oil has a 1 year low of C$35.15 and a 1 year high of C$43.28.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 2nd will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, March 1st. Imperial Oil’s dividend payout ratio (DPR) is 106.90%.
In other news, Director David Wallace Cornhill acquired 5,500 shares of the stock in a transaction on Wednesday, December 6th. The stock was bought at an average price of C$39.78 per share, with a total value of C$218,790.00.
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Imperial Oil Company Profile
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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