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

Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO have been given an average recommendation of "Hold" by the ten research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$103.89.

Several equities analysts have commented on IMO shares. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Desjardins cut their price target on shares of Imperial Oil from C$91.00 to C$85.00 and set a "hold" rating on the stock in a research note on Tuesday. Raymond James upgraded shares of Imperial Oil from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from C$108.00 to C$104.00 in a research note on Wednesday, April 9th. National Bankshares lifted their target price on Imperial Oil from C$109.00 to C$110.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. Finally, TD Securities raised their price target on Imperial Oil from C$94.00 to C$97.00 and gave the stock a "hold" rating in a research note on Friday, February 21st.

Imperial Oil Stock Up 2.5 %

Shares of TSE:IMO traded up C$2.13 on Tuesday, hitting C$88.37. 923,859 shares of the company's stock were exchanged, compared to its average volume of 903,120. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$108.89. The company has a market capitalization of C$46.13 billion, a PE ratio of 9.49, a P/E/G ratio of 0.21 and a beta of 1.78. The firm's 50-day moving average is C$96.41 and its 200 day moving average is C$98.65.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st were issued a dividend of $0.72 per share. This is a boost from Imperial Oil's previous quarterly dividend of $0.60. This represents a $2.88 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 5th. 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.