Imperial Oil (TSE:IMO - Free Report) NYSEMKT: IMO had its price objective upped by CIBC from C$105.00 to C$108.00 in a research report released on Friday morning,BayStreet.CA reports.
A number of other analysts also recently issued reports on IMO. National Bankshares lowered their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. TD Securities increased their target price on shares of Imperial Oil from C$93.00 to C$96.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. Raymond James lifted their price target on Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. upped their price target on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Finally, Scotiabank lowered Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 price objective on the stock. in a report on Wednesday, September 25th. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Imperial Oil has a consensus rating of "Hold" and a consensus target price of C$104.20.
Read Our Latest Analysis on IMO
Imperial Oil Stock Performance
Imperial Oil stock traded up C$0.06 during midday trading on Friday, hitting C$98.86. 1,023,531 shares of the company were exchanged, compared to its average volume of 1,101,276. The business has a fifty day simple moving average of C$97.96 and a two-hundred day simple moving average of C$98.46. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The firm has a market capitalization of C$52.97 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. Imperial Oil has a fifty-two week low of C$73.81 and a fifty-two week high of C$108.89.
Imperial Oil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were issued a $0.60 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.43%. Imperial Oil's payout ratio is currently 25.16%.
Insiders Place Their Bets
In related news, Director Bradley William Corson purchased 4,800 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is currently owned by corporate insiders.
Imperial Oil Company Profile
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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.
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