Analysts Set Imperial Oil Limited (TSE:IMO) Target Price at C$104.20

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$104.00.

A number of research analysts recently commented on IMO shares. National Bankshares increased their target price on Imperial Oil from C$109.00 to C$110.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Raymond James increased their target price on Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their target price on Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. CIBC increased their target price on Imperial Oil from C$105.00 to C$108.00 in a research note on Friday, January 17th. Finally, Royal Bank of Canada increased their target price on Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th.

Insider Activity at Imperial Oil

In other news, Director Bradley William Corson purchased 4,800 shares of Imperial Oil stock in a transaction that occurred on Thursday, December 12th. The stock was bought 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.

Imperial Oil Trading Up 0.7 %

Shares of IMO stock opened at C$97.32 on Thursday. The company’s fifty day simple moving average is C$97.28 and its two-hundred day simple moving average is C$98.97. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. Imperial Oil has a 1 year low of C$75.53 and a 1 year high of C$108.89. The stock has a market capitalization of C$52.15 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.21 and a beta of 1.78.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, November 1st. The company reported C$2.33 earnings per share for the quarter, topping the consensus estimate of C$2.02 by C$0.31. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. During the same period in the previous year, the company earned $2.76 EPS. As a group, analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s dividend payout ratio is 25.16%.

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.