Brokerages Set Imperial Oil Limited (TSE:IMO) Price Target at C$103.90

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has been assigned an average rating of "Hold" from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$103.90.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. Wolfe Research lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday. National Bankshares decreased their target price on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Scotiabank cut Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 price target for the company. in a report on Wednesday, September 25th. Finally, TD Securities raised their price objective on Imperial Oil from C$93.00 to C$96.00 and gave the stock a "hold" rating in a research report on Friday, December 13th.

Imperial Oil Stock Performance

IMO traded up C$0.12 during midday trading on Friday, reaching C$90.02. The company's stock had a trading volume of 1,136,142 shares, compared to its average volume of 846,538. Imperial Oil has a twelve month low of C$73.81 and a twelve month high of C$108.89. The stock has a market cap of C$48.24 billion, a P/E ratio of 9.44, a PEG ratio of 0.21 and a beta of 1.78. The company has a fifty day simple moving average of C$99.14 and a 200 day simple moving average of C$98.21. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil's payout ratio is 25.16%.

Insider Buying and Selling

In other Imperial Oil news, Director Bradley William Corson bought 4,800 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were bought 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 currently owned by corporate insiders.

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.