Imperial Oil (TSE:IMO) Given New C$93.00 Price Target at TD Securities

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target raised by TD Securities from C$92.00 to C$93.00 in a report issued on Tuesday, BayStreet.CA reports. They currently have a hold rating on the stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets boosted their price objective on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Desjardins increased their price objective on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada cut their price objective on shares of Imperial Oil from C$108.00 to C$99.00 in a research report on Tuesday, September 17th. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Raymond James upped their price objective on Imperial Oil from C$99.00 to C$101.50 in a research report on Monday. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$99.54.

Imperial Oil Stock Performance

IMO stock opened at C$97.66 on Tuesday. Imperial Oil has a 1-year low of C$72.03 and a 1-year high of C$108.89. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The firm has a market cap of C$52.33 billion, a PE ratio of 10.24, a P/E/G ratio of 0.21 and a beta of 1.78. The business’s 50-day moving average price is C$99.69 and its two-hundred day moving average price is C$96.75.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.46%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.