Imperial Oil Limited (TSE:IMO) Receives C$104.11 Average PT from Analysts

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has been assigned a consensus rating of "Reduce" from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$104.11.

Several analysts have issued reports on the company. TD Securities lowered their target price 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. Desjardins lowered shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Wolfe Research cut shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Scotiabank boosted their target price on shares of Imperial Oil from C$100.00 to C$110.00 in a report on Friday, July 11th. Finally, Raymond James Financial cut shares of Imperial Oil from a "moderate buy" rating to a "hold" rating and boosted their target price for the company from C$105.00 to C$107.00 in a report on Thursday, July 3rd.

Imperial Oil Stock Performance

Shares of TSE IMO traded up C$0.22 during mid-day trading on Thursday, reaching C$114.76. 526,910 shares of the company's stock were exchanged, compared to its average volume of 784,054. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. The firm has a market capitalization of C$59.91 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The firm has a 50-day moving average price of C$107.13 and a two-hundred day moving average price of C$100.50. Imperial Oil has a 52 week low of C$82.98 and a 52 week high of C$115.85.

Imperial Oil Dividend Announcement

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