Imperial Oil Limited (TSE:IMO) Given Average Rating of "Hold" by Brokerages

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has been assigned a consensus recommendation of "Hold" from the ten brokerages that are presently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$104.10.

A number of equities analysts have recently commented on the stock. CIBC raised their target price on shares of Imperial Oil from C$105.00 to C$108.00 in a research report on Friday, January 17th. TD Securities raised their price objective on Imperial Oil from C$94.00 to C$97.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Wolfe Research cut Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. increased their price target on Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada increased their target price on shares of Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th.

Imperial Oil Trading Down 0.1 %

Imperial Oil stock traded down C$0.07 during mid-day trading on Monday, hitting C$97.73. The company's stock had a trading volume of 712,483 shares, compared to its average volume of 905,122. Imperial Oil has a one year low of C$83.24 and a one year high of C$108.89. The stock has a market cap of C$51.02 billion, a PE ratio of 10.50, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a 50 day moving average of C$96.37 and a 200-day moving average of C$99.25. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil's dividend payout ratio (DPR) is presently 25.78%.

Insider Transactions at Imperial Oil

In other news, Director Bradley William Corson purchased 4,800 shares of the company's stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of C$97.44 per share, for a total transaction of C$467,713.92. Insiders own 71.26% of the company's stock.

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.