Brokerages Set Imperial Oil Limited (TSE:IMO) Target Price at C$103.90

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has earned an average recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$103.90.

Several equities analysts have recently weighed in on IMO shares. Wolfe Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 3rd. Raymond James increased their price objective on shares of Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. National Bankshares decreased their target price on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Scotiabank cut shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a research note on Wednesday, September 25th. Finally, TD Securities raised their target price on shares of Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a research note on Friday, December 13th.

Imperial Oil Price Performance

Shares of TSE:IMO opened at C$96.41 on Friday. The firm’s 50 day moving average price is C$98.18 and its 200-day moving average price is C$98.36. Imperial Oil has a twelve month low of C$73.81 and a twelve month high of C$108.89. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. The stock has a market capitalization of C$51.66 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s payout ratio is currently 25.16%.

Insider Activity at Imperial Oil

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