Imperial Oil Limited (TSE:IMO) Receives C$103.78 Consensus PT from Analysts

Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO have been assigned a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$103.78.

Several research analysts have recently issued reports on IMO shares. Wolfe Research upgraded Imperial Oil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. Raymond James raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from C$108.00 to C$104.00 in a report on Wednesday, April 9th. TD Securities dropped their target price on Imperial Oil from C$94.00 to C$92.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Finally, Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th.

Imperial Oil Stock Performance

TSE:IMO traded up C$0.62 during trading hours on Wednesday, hitting C$99.65. 411,645 shares of the company were exchanged, compared to its average volume of 832,299. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. Imperial Oil has a 52-week low of C$82.98 and a 52-week high of C$108.89. The stock has a market capitalization of C$52.02 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.21 and a beta of 1.78. The company's 50 day moving average price is C$95.34 and its 200-day moving average price is C$97.29.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, July 1st will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil's dividend payout ratio is currently 25.78%.

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.