Imperial Oil Limited (TSE:IMO) Receives Average Rating of "Hold" from Analysts

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has been given a consensus rating of "Hold" by the ten brokerages that are covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$101.23.

IMO has been the topic of several recent research reports. National Bankshares decreased their price objective on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Desjardins lifted their price target on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a "hold" rating in a research note on Tuesday, July 23rd. TD Securities increased their price objective on shares of Imperial Oil from C$92.00 to C$93.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. BMO Capital Markets lifted their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Finally, Raymond James upped their target price on shares of Imperial Oil from C$99.00 to C$101.50 in a research note on Monday, November 4th.

Imperial Oil Stock Performance

IMO stock traded down C$0.34 on Friday, reaching C$104.53. 837,500 shares of the company were exchanged, compared to its average volume of 968,576. The firm has a market capitalization of C$56.01 billion, a PE ratio of 10.96, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a 12 month low of C$72.03 and a 12 month high of C$108.89. The stock's fifty day moving average price is C$99.79 and its 200 day moving average price is C$97.11. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.30%. Imperial Oil's dividend payout ratio is 25.16%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.