Imperial Oil Ltd (IMO) Given Average Rating of “Hold” by Brokerages

Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has received an average rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$41.40.

IMO has been the topic of a number of recent analyst reports. Royal Bank of Canada raised shares of Imperial Oil from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from C$40.00 to C$41.00 in a research note on Wednesday, January 31st. TD Securities upped their price target on shares of Imperial Oil from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Thursday, November 2nd. National Bank Financial upped their price target on shares of Imperial Oil from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 9th. Eight Capital set a C$39.00 price target on shares of Imperial Oil and gave the stock a “sell” rating in a research note on Thursday, January 11th. Finally, AltaCorp Capital raised shares of Imperial Oil from an “underperform” rating to a “sector perform” rating in a research note on Monday, January 15th.

Imperial Oil (TSE:IMO) opened at C$35.53 on Tuesday. Imperial Oil has a 12 month low of C$35.15 and a 12 month high of C$43.28. The firm has a market cap of $29,530.00, a price-to-earnings ratio of 61.26 and a beta of 0.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 2nd will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.64 annualized dividend and a dividend yield of 1.80%. Imperial Oil’s dividend payout ratio is presently 106.90%.

In other Imperial Oil news, Director David Wallace Cornhill acquired 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of C$39.78 per share, for a total transaction of C$218,790.00.

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About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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