Imperial Oil (TSE:IMO – Free Report) (NYSEMKT:IMO) had its price objective hoisted by Raymond James Financial from C$130.00 to C$140.00 in a report released on Wednesday morning,BayStreet reports. The brokerage currently has an underperform rating on the stock.
IMO has been the subject of several other reports. UBS Group upped their price objective on Imperial Oil from C$195.00 to C$205.00 in a research note on Monday, September 14th. Scotia dropped their target price on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. National Bank Financial cut their price target on Imperial Oil from C$214.00 to C$209.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. TD increased their price target on Imperial Oil from C$150.00 to C$151.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of C$146.08.
View Our Latest Stock Analysis on Imperial Oil
Imperial Oil Stock Down 0.4%
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, July 31st. The company reported C$4.52 EPS for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The company had revenue of C$15.98 billion for the quarter. Sell-side analysts predict that Imperial Oil will post 8.6164609 EPS for the current year.
Imperial Oil Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st will be 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%. The ex-dividend date of this dividend is Friday, September 4th. Imperial Oil’s dividend payout ratio is 37.15%.
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.
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