Imperial Oil Limited (TSE:IMO) Receives C$137.00 Average Target Price from Brokerages

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received an average recommendation of “Strong Sell” from the ten ratings firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$137.00.

A number of equities analysts recently issued reports on IMO shares. TD Securities boosted their price objective on Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a report on Monday, February 23rd. UBS Group upped their target price on Imperial Oil from C$155.00 to C$185.00 in a report on Monday, March 16th. JPMorgan Chase & Co. lowered their target price on Imperial Oil from C$155.00 to C$149.00 in a report on Monday, May 4th. Raymond James Financial upped their target price on Imperial Oil from C$107.00 to C$126.00 in a report on Monday, March 30th. Finally, Royal Bank Of Canada upped their target price on Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a report on Wednesday, April 8th.

Insider Buying and Selling at Imperial Oil

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00. In the last three months, insiders sold 6,569 shares of company stock valued at $1,144,955. 71.26% of the stock is currently owned by corporate insiders.

Imperial Oil Price Performance

IMO opened at C$164.92 on Friday. The business has a fifty day moving average of C$175.16 and a 200 day moving average of C$156.39. Imperial Oil has a 52-week low of C$106.50 and a 52-week high of C$191.76. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 18.53. The stock has a market cap of C$79.75 billion, a P/E ratio of 27.95, a PEG ratio of 0.21 and a beta of 0.43.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, May 1st. The company reported C$1.94 earnings per share (EPS) for the quarter. Imperial Oil had a return on equity of 13.38% and a net margin of 6.13%.The company had revenue of C$12.42 billion during the quarter. As a group, sell-side analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, July 1st will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, June 4th. Imperial Oil’s dividend payout ratio is currently 51.36%.

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.