Imperial Oil (TSE:IMO) Director Sells 100 Shares of Company Stock

Key Points

• Director Robert Edward Ballinger sold 100 Imperial Oil shares at C$176.67 each, worth C$17,667, reducing his stake by 1.86% to 5,282 shares.
• Imperial Oil reported quarterly earnings of C$5.11 per share on C$16.18 billion in revenue. Its quarterly dividend was C$0.87 per share, equivalent to a 2.0% annualized yield.
• Analysts’ consensus rating was “Reduce,” with an average price target of C$153.92; six analysts rated the stock Hold and four rated it Sell.

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO Director Robert Edward Ballinger sold 100 shares of the firm's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of C$176.67, for a total value of C$17,667.00. Following the completion of the sale, the director owned 5,282 shares in the company, valued at C$933,170.94. The trade was a 1.86% decrease in their ownership of the stock.

Imperial Oil Stock Performance

Shares of IMO traded down C$1.97 during midday trading on Monday, hitting C$174.70. 869,697 shares of the stock traded hands, compared to its average volume of 840,897. The business's 50 day moving average price is C$181.17 and its two-hundred day moving average price is C$173.08. The firm has a market capitalization of C$82.46 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.21 and a beta of 0.56. The company has a debt-to-equity ratio of 17.27, a quick ratio of 0.98 and a current ratio of 1.30. Imperial Oil Limited has a 1-year low of C$114.75 and a 1-year high of C$194.17.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last issued its quarterly earnings data on Friday, October 30th. The company reported C$5.11 earnings per share for the quarter. The firm had revenue of C$16.18 billion for the quarter. Imperial Oil had a net margin of 10.85% and a return on equity of 25.85%. Equities research analysts predict that Imperial Oil Limited will post 8.62 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. Imperial Oil's payout ratio is 26.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group increased their price objective on Imperial Oil from C$195.00 to C$205.00 in a report on Monday, September 14th. TD lifted their target price on Imperial Oil from C$158.00 to C$164.00 and gave the company a "sell" rating in a research note on Tuesday, November 3rd. Scotia reduced their price target on Imperial Oil from C$159.00 to C$156.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 5th. Raymond James Financial increased their price target on Imperial Oil from C$130.00 to C$140.00 and gave the stock an "underperform" rating in a research note on Wednesday, September 16th. Finally, ATB Cormark Capital Markets increased their target price on shares of Imperial Oil from C$140.00 to C$175.00 and gave the company a "sector perform" rating in a research report on Thursday, October 22nd. Six investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of C$153.92.

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.

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