Imperial Oil Limited (TSE:IMO) Receives C$137.00 Average Target Price from Brokerages

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received an average recommendation of “Strong Sell” from the ten analysts that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$137.00.

A number of equities analysts have issued reports on IMO shares. TD Securities lifted their price objective on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a report on Monday, February 23rd. Desjardins upped their price target on Imperial Oil from C$120.00 to C$132.00 and gave the company a “sell” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. cut their price objective on Imperial Oil from C$155.00 to C$149.00 in a report on Monday, May 4th. Royal Bank Of Canada upped their target price on Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 8th. Finally, National Bank Financial increased their price objective on Imperial Oil from C$139.00 to C$212.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 31st.

Imperial Oil Trading Down 0.2%

IMO opened at C$178.33 on Wednesday. The company’s 50 day moving average is C$177.43 and its 200-day moving average is C$152.89. The company has a market cap of C$86.24 billion, a P/E ratio of 30.23, a PEG ratio of 0.21 and a beta of 0.65. Imperial Oil has a 1-year low of C$97.03 and a 1-year high of C$191.76. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 18.20.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, May 1st. The company reported C$1.94 earnings per share (EPS) for the quarter. The business had revenue of C$12.42 billion during the quarter. Imperial Oil had a net margin of 6.27% and a return on equity of 13.43%. Equities research analysts predict that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were given a $0.87 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. This represents a $3.48 annualized dividend and a yield of 2.0%. Imperial Oil’s payout ratio is 51.36%.

Insider Transactions at Imperial Oil

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00. Insiders sold 6,569 shares of company stock valued at $1,144,955 over the last 90 days. Company insiders own 71.26% of the company’s stock.

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