Imperial Oil (TSE:IMO) Given New C$110.00 Price Target at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target upped by National Bankshares from C$109.00 to C$110.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets boosted their target price on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Wolfe Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd. Royal Bank of Canada upped their price target on Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. CIBC upped their price target on Imperial Oil from C$105.00 to C$108.00 in a research report on Friday, January 17th. Finally, TD Securities upped their price target on Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$104.00.

Imperial Oil Stock Up 2.1 %

IMO opened at C$103.49 on Thursday. Imperial Oil has a one year low of C$75.53 and a one year 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’s fifty day moving average is C$97.56 and its 200-day moving average is C$98.87. The company has a market capitalization of C$55.45 billion, a PE ratio of 10.85, a P/E/G ratio of 0.21 and a beta of 1.78.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, November 1st. The company reported C$2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.02 by C$0.31. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. During the same quarter last year, the firm earned $2.76 EPS. On average, equities analysts predict that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Announces Dividend

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

Insider Buying and Selling

In other news, Director Bradley William Corson purchased 4,800 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of C$97.44 per share, with a total value of C$467,713.92. 71.26% of the stock is owned by 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.