Imperial Oil Limited (TSE:IMO) Receives Average Rating of “Reduce” from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been assigned a consensus recommendation of “Reduce” from the ten ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$146.08.

IMO has been the topic of a number of recent research reports. Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research note on Friday, June 26th. Raymond James Financial boosted their price objective on shares of 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. UBS Group upped their target price on Imperial Oil from C$195.00 to C$205.00 in a report on Monday, September 14th. TD upped their target price on Imperial Oil from C$150.00 to C$151.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Finally, National Bank Financial dropped their target price on Imperial Oil from C$214.00 to C$209.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at C$173.45 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 17.11. The stock’s fifty day moving average price is C$181.23 and its 200-day moving average price is C$175.53. The firm has a market cap of C$83.88 billion, a P/E ratio of 20.26, a P/E/G ratio of 0.21 and a beta of 0.41. Imperial Oil has a 12 month low of C$114.75 and a 12 month high of C$191.76.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The company had revenue of C$15.98 billion during the quarter. On average, equities research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, October 1st will be paid 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 is Friday, September 4th. Imperial Oil’s dividend payout ratio is 37.15%.

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.