Imperial Oil (TSE:IMO) Insider Ian Robert Laing Sells 4,100 Shares

Imperial Oil Limited (TSE:IMOGet Free Report) (NYSEMKT:IMO) insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$176.63, for a total transaction of C$724,183.00.

Ian Robert Laing also recently made the following trade(s):

  • On Thursday, May 7th, Ian Robert Laing sold 2,429 shares of Imperial Oil stock. The shares were sold at an average price of C$170.32, for a total transaction of C$413,707.28.

Imperial Oil Trading Up 2.6%

Imperial Oil stock traded up C$4.58 during trading on Tuesday, hitting C$182.46. The company had a trading volume of 628,013 shares, compared to its average volume of 864,065. The company’s 50 day simple moving average is C$173.39 and its 200-day simple moving average is C$148.91. The stock has a market cap of C$88.24 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 0.21 and a beta of 0.65. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 18.20. Imperial Oil Limited has a 1-year low of C$97.03 and a 1-year high of C$185.73.

Imperial Oil (TSE:IMOGet Free Report) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, May 1st. The company reported C$1.94 EPS for the quarter. The business had revenue of C$12.42 billion during the quarter. Imperial Oil had a net margin of 6.27% and a return on equity of 13.43%. As a group, analysts expect that Imperial Oil Limited will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 1.9%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date was Thursday, March 5th. Imperial Oil’s payout ratio is presently 51.36%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IMO shares. Royal Bank Of Canada boosted their price target on shares of Imperial Oil from C$116.00 to C$124.00 and gave the company an “underperform” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. dropped their price objective on shares of Imperial Oil from C$155.00 to C$149.00 in a research note on Monday, May 4th. TD Securities lifted their price objective on shares of Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a research note on Monday, February 23rd. TD lifted their price objective on shares of Imperial Oil from C$110.00 to C$157.00 and gave the company a “sell” rating in a research note on Thursday, April 16th. Finally, National Bank Financial lifted their price objective on shares of Imperial Oil from C$139.00 to C$212.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 31st. Four investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, Imperial Oil has a consensus rating of “Strong Sell” and a consensus price target of C$137.08.

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About Imperial Oil

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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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.

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