Imperial Oil Limited (TSE:IMO) Receives C$105.67 Average Price Target from Analysts

Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO have been given a consensus recommendation of "Hold" by the nine ratings firms that are presently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$105.67.

Several research firms have commented on IMO. CIBC upped their price target on Imperial Oil from C$105.00 to C$108.00 in a report on Friday, January 17th. National Bankshares lifted their price target on shares of Imperial Oil from C$109.00 to C$110.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 30th. TD Securities increased their price objective on shares of Imperial Oil from C$94.00 to C$97.00 and gave the company a "hold" rating in a research note on Friday, February 21st. Wolfe Research downgraded Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Friday, January 3rd. Finally, Raymond James increased their target price on Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th.

Imperial Oil Stock Performance

Imperial Oil stock traded up C$2.23 during mid-day trading on Friday, reaching C$104.43. The company had a trading volume of 508,848 shares, compared to its average volume of 911,541. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The firm has a market cap of C$54.52 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.21 and a beta of 1.78. The company has a 50 day moving average of C$98.63 and a 200-day moving average of C$98.68. Imperial Oil has a 52 week low of C$86.96 and a 52 week high of C$108.89.

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Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.72 per share. This is a boost from Imperial Oil's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $2.88 annualized dividend and a dividend yield of 2.76%. Imperial Oil's payout ratio is currently 25.78%.

Imperial Oil Company Profile

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.