Imperial Oil (TSE:IMO - Free Report) NYSEMKT: IMO had its target price lifted by TD Securities from C$93.00 to C$96.00 in a research note released on Friday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.
Several other brokerages have also commented on IMO. BMO Capital Markets boosted their price objective on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Raymond James boosted their price objective on Imperial Oil from C$99.00 to C$101.50 in a report on Monday, November 4th. Scotiabank lowered Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 price objective for the company. in a report on Wednesday, September 25th. Royal Bank of Canada boosted their price objective on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Imperial Oil has an average rating of "Hold" and an average price target of C$103.90.
Check Out Our Latest Stock Report on Imperial Oil
Imperial Oil Price Performance
Shares of IMO traded down C$1.03 during midday trading on Friday, hitting C$96.00. 1,320,023 shares of the company traded hands, compared to its average volume of 977,830. Imperial Oil has a one year low of C$73.67 and a one year high of C$108.89. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The firm has a market cap of C$51.44 billion, a P/E ratio of 10.06, a PEG ratio of 0.21 and a beta of 1.78. The stock has a 50-day moving average of C$103.73 and a 200-day moving average of C$98.33.
Imperial Oil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st will be issued a $0.60 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.50%. Imperial Oil's dividend payout ratio (DPR) is 25.16%.
Insiders Place Their Bets
In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of C$97.44 per share, with a total value of C$467,713.92. 71.26% of the stock is owned by corporate insiders.
Imperial Oil Company Profile
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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.
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