Imperial Oil Limited (TSE:IMO) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Analysts give Imperial Oil an average “Reduce” rating: Four rate the stock a sell, four recommend holding, and one recommends buying. The average 12-month price target is C$142.45, below the stock’s reported C$181.75 opening price.
• Imperial Oil reported quarterly EPS of C$4.52 on revenue of C$16.06 billion, with an 18.67% return on equity and a 7.81% net margin.
• The company pays a quarterly dividend of C$0.87, equivalent to C$3.48 annually and a 1.9% yield; its payout ratio is 51.36%.

Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO have been given an average rating of "Reduce" by the nine ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$142.45.

Several research firms have commented on IMO. JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Friday, June 26th. National Bank Financial increased their target price on shares of Imperial Oil from C$212.00 to C$214.00 and gave the company a "sector perform" rating in a report on Wednesday, July 8th. Desjardins set a C$160.00 target price on shares of Imperial Oil and gave the stock a "hold" rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada boosted their price target on shares of Imperial Oil from C$116.00 to C$124.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 8th.

Imperial Oil Stock Performance

TSE:IMO opened at C$181.75 on Monday. The business has a 50 day moving average of C$169.40 and a 200 day moving average of C$166.84. The company has a market capitalization of C$87.89 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 0.21 and a beta of 0.39. Imperial Oil has a 1-year low of C$113.01 and a 1-year high of C$191.76. The company has a debt-to-equity ratio of 18.53, a current ratio of 1.23 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last issued its earnings results on Friday, July 31st. The company reported C$4.52 earnings per share (EPS) for the quarter. Imperial Oil had a return on equity of 18.67% and a net margin of 7.81%.The business had revenue of C$16.06 billion during the quarter. On average, sell-side analysts predict that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st were issued a $0.87 dividend. The ex-dividend date was Thursday, June 4th. This represents a $3.48 annualized dividend and a dividend yield of 1.9%. Imperial Oil's payout ratio is currently 51.36%.

Insider Buying and Selling at Imperial Oil

In other news, insider Ian Robert Laing sold 4,100 shares of the business's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00. Over the last three months, insiders sold 6,569 shares of company stock valued at $1,144,955. Insiders own 71.26% of the company's stock.

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.

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