Analysts Set Imperial Oil Limited (TSE:IMO) PT at C$103.78

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has earned an average rating of "Hold" from the eight ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$103.78.

IMO has been the topic of a number of research analyst reports. TD Securities dropped their price target on Imperial Oil from C$94.00 to C$92.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Scotiabank upgraded Imperial Oil to a "hold" rating in a research note on Wednesday, March 19th. Desjardins lowered Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Wolfe Research raised Imperial Oil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, The Goldman Sachs Group cut shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th.

Imperial Oil Stock Up 1.5%

Shares of Imperial Oil stock traded up C$1.66 during trading on Friday, reaching C$109.84. The stock had a trading volume of 225,075 shares, compared to its average volume of 797,939. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. The company has a market capitalization of C$57.34 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 0.21 and a beta of 1.78. The stock has a fifty day moving average price of C$101.67 and a two-hundred day moving average price of C$97.86. Imperial Oil has a 52 week low of C$82.98 and a 52 week high of C$114.04.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, July 1st were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Wednesday, June 4th. Imperial Oil's dividend payout ratio is currently 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.