Imperial Oil Limited (TSE:IMO) Receives Average Recommendation of "Reduce" from Analysts

Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO have been assigned an average recommendation of "Reduce" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$104.11.

IMO has been the topic of a number of recent analyst reports. Wolfe Research cut Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Raymond James Financial lowered Imperial Oil from a "moderate buy" rating to a "hold" rating and lifted their price target for the company from C$105.00 to C$107.00 in a research note on Thursday, July 3rd. Desjardins lowered Imperial Oil from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 3rd. Scotiabank boosted their price target on Imperial Oil from C$100.00 to C$110.00 in a research note on Friday, July 11th. Finally, 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.

Imperial Oil Price Performance

Shares of TSE IMO traded up C$0.22 during mid-day trading on Thursday, reaching C$114.76. The company had a trading volume of 526,910 shares, compared to its average volume of 784,054. 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 one year low of C$82.98 and a one year high of C$115.85. The firm has a market cap of C$59.91 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.21 and a beta of 1.78. The business's 50-day simple moving average is C$107.13 and its 200 day simple moving average is C$100.46.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, July 1st were paid a $0.72 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $2.88 dividend on an annualized basis and a yield of 2.51%. Imperial Oil's dividend payout ratio (DPR) is presently 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.