Imperial Oil Limited (TSE:IMO – Get Free Report) (NYSEMKT:IMO) insider Ian Robert Laing sold 2,429 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$170.32, for a total value of C$413,707.28. Following the completion of the sale, the insider directly owned 4,100 shares of the company’s stock, valued at approximately C$698,312. This represents a 37.20% decrease in their position.
Ian Robert Laing also recently made the following trade(s):
- On Monday, May 11th, Ian Robert Laing sold 4,100 shares of Imperial Oil stock. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00.
Imperial Oil Stock Down 1.2%
Shares of IMO opened at C$180.35 on Thursday. The firm has a market cap of C$87.22 billion, a P/E ratio of 30.57, a P/E/G ratio of 0.21 and a beta of 0.65. The stock has a 50 day simple moving average of C$173.75 and a two-hundred day simple moving average of C$149.29. The company has a debt-to-equity ratio of 18.20, a current ratio of 1.23 and a quick ratio of 0.98. Imperial Oil Limited has a 1 year low of C$97.03 and a 1 year high of C$185.73.
Imperial Oil Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Thursday, March 5th. Imperial Oil’s payout ratio is currently 51.36%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on IMO shares. Raymond James Financial increased their price objective on Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. National Bank Financial increased their price objective on 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. JPMorgan Chase & Co. dropped their price objective on Imperial Oil from C$155.00 to C$149.00 in a research note on Monday, May 4th. TD Securities increased their price objective on 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. Finally, UBS Group raised their price target on Imperial Oil from C$155.00 to C$185.00 in a research note on Monday, March 16th. Four investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Strong Sell” and an average price target of C$137.00.
Check Out Our Latest Stock Report on Imperial Oil
About Imperial Oil
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.
Featured Stories
- Five stocks we like better than Imperial Oil
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.
