Imperial Oil Limited (TSE:IMO) Given Average Recommendation of “Hold” by Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is C$104.10.

A number of equities analysts have issued reports on IMO shares. CIBC upped their target price on Imperial Oil from C$105.00 to C$108.00 in a research report on Friday, January 17th. TD Securities boosted their price target on Imperial Oil from C$94.00 to C$97.00 and gave the company a “hold” rating in a report on Friday, February 21st. Raymond James raised their price objective on Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. Wolfe Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 3rd. 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.

Insider Transactions at Imperial Oil

In other Imperial Oil news, Director Bradley William Corson bought 4,800 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. Company insiders own 71.26% of the company’s stock.

Imperial Oil Stock Performance

Shares of IMO opened at C$98.09 on Monday. The business’s 50 day moving average is C$96.71 and its two-hundred day moving average is C$99.26. Imperial Oil has a 52-week low of C$83.24 and a 52-week high of C$108.89. The firm has a market cap of C$51.21 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.21 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.72 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.60. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil’s dividend payout ratio is currently 25.78%.

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.