Imperial Oil Limited (TSE:IMO) Receives Average Recommendation of "Hold" from Brokerages

Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO have earned an average recommendation of "Hold" from the ten ratings firms that are covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$104.00.

Several research firms recently commented on IMO. JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. Royal Bank of Canada boosted their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. BMO Capital Markets upped their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. CIBC upped their target price on shares of Imperial Oil from C$105.00 to C$108.00 in a research note on Friday, January 17th. Finally, National Bankshares upped their target price 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.

Imperial Oil Trading Up 2.1 %

Shares of TSE IMO traded up C$2.13 during midday trading on Thursday, hitting C$103.49. 1,001,415 shares of the company traded hands, compared to its average volume of 891,830. Imperial Oil has a 12-month low of C$75.53 and a 12-month high of C$108.89. 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 stock has a 50-day moving average price of C$97.56 and a 200 day moving average price of C$98.87. The firm has a market cap of C$55.45 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.21 and a beta of 1.78.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last announced its quarterly earnings results on Friday, November 1st. The company reported C$2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.02 by C$0.31. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. During the same quarter in the previous year, the company earned $2.76 EPS. As a group, analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a yield of 2.32%. Imperial Oil's dividend payout ratio (DPR) is currently 25.16%.

Insider Buying and Selling at Imperial Oil

In other news, Director Bradley William Corson bought 4,800 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is owned by company insiders.

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.