Imperial Oil Limited (TSE:IMO) Receives C$137.00 Consensus Target Price from Analysts

Imperial Oil Limited (TSE:IMOGet Free Report) (NYSEMKT:IMO) has been assigned an average rating of “Strong Sell” from the ten analysts that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$137.00.

IMO has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Imperial Oil from C$155.00 to C$149.00 in a research note on Monday, May 4th. Royal Bank Of Canada raised their price objective on 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. TD Securities increased their target price on Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a research report on Monday, February 23rd. National Bank Financial upped 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 report on Tuesday, March 31st. Finally, UBS Group boosted their price objective on shares of Imperial Oil from C$155.00 to C$185.00 in a research report on Monday, March 16th.

Check Out Our Latest Analysis on IMO

Insider Activity

In other news, insider Ian Robert Laing sold 4,100 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total transaction of C$724,183.00. Insiders sold a total of 6,569 shares of company stock worth $1,144,955 in the last ninety days. 71.26% of the stock is owned by insiders.

Imperial Oil Stock Performance

Shares of TSE IMO opened at C$183.89 on Wednesday. The stock has a market cap of C$88.93 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 0.21 and a beta of 0.65. Imperial Oil has a 1 year low of C$97.03 and a 1 year high of C$191.76. The firm has a fifty day moving average price of C$176.91 and a 200-day moving average price of C$151.96. 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 (TSE:IMOGet Free Report) (NYSEMKT:IMO) last issued its earnings results on Friday, May 1st. The company reported C$1.94 earnings per share for the quarter. Imperial Oil had a net margin of 6.27% and a return on equity of 13.43%. The company had revenue of C$12.42 billion during the quarter. Equities analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st were given a $0.87 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.48 dividend on an annualized basis and a yield of 1.9%. Imperial Oil’s dividend payout ratio is currently 51.36%.

Imperial Oil Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Imperial Oil (TSE:IMO)

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