Imperial Oil (TSE:IMO) Stock: Insider Robert Edward Ballinger Sells 100 Shares

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) Director Robert Edward Ballinger sold 100 shares of the company’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 sale, the director owned 5,282 shares of the company’s stock, valued at approximately C$933,170.94. The trade was a 1.86% decrease in their ownership of the stock.

Imperial Oil Stock Performance

IMO opened at C$174.99 on Wednesday. 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 52-week low of C$114.75 and a 52-week high of C$194.17. The firm has a market cap of C$82.60 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 0.21 and a beta of 0.56. The business’s fifty day moving average is C$181.03 and its 200-day moving average is C$173.27.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, October 30th. The company reported C$5.11 EPS for the quarter. Imperial Oil had a return on equity of 25.85% and a net margin of 10.85%. The business had revenue of C$16.18 billion during the quarter. Sell-side analysts expect that Imperial Oil Limited will post 8.62 EPS for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st were issued a $0.87 dividend. 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 dividend payout ratio (DPR) is currently 26.49%.

Wall Street Analysts Forecast Growth

IMO has been the subject of several recent analyst reports. ATB Cormark Capital Markets upped their price objective on Imperial Oil from C$140.00 to C$175.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 22nd. TD raised their price objective 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. National Bank Financial lifted their target price on Imperial Oil from C$207.00 to C$213.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 20th. Scotia lowered their target price on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. boosted their target price on Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. Six equities research 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 presently has an average rating of “Reduce” and a consensus price target of C$153.92.

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.