Imperial Oil Limited (TSE:IMO) Given Consensus Rating of "Hold" by Analysts

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has received a consensus recommendation of "Hold" from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$103.78.

Several equities analysts have weighed in on the stock. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. The Goldman Sachs Group downgraded shares of Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Desjardins increased their price target on Imperial Oil from C$85.00 to C$89.00 and gave the stock a "hold" rating in a research note on Tuesday. National Bankshares boosted their price objective on Imperial Oil from C$109.00 to C$110.00 and gave the company a "sector perform" rating in a research report on Thursday, January 30th. Finally, Raymond James raised Imperial Oil from a "market perform" rating to an "outperform" rating and decreased their target price for the company from C$108.00 to C$104.00 in a research note on Wednesday, April 9th.

Imperial Oil Stock Up 2.7 %

TSE IMO opened at C$99.26 on Friday. Imperial Oil has a 52 week low of C$82.98 and a 52 week high of C$108.89. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The company has a market capitalization of C$51.82 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The stock's 50-day moving average price is C$95.14 and its 200-day moving average price is C$97.65.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st were paid a dividend of $0.72 per share. This is an increase from Imperial Oil's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $2.88 dividend on an annualized basis and a yield of 2.90%. Imperial Oil's dividend payout ratio is presently 25.78%.

Imperial Oil Company Profile

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.

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