Imperial Oil (TSE:IMO) Price Target Raised to C$139.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price boosted by National Bankshares from C$127.00 to C$139.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

IMO has been the topic of a number of other reports. TD Securities lowered their target price on shares of Imperial Oil from C$107.00 to C$106.00 in a research note on Tuesday, December 16th. Raymond James Financial upped their price target on shares of Imperial Oil from C$106.00 to C$107.00 and gave the company an “underperform” rating in a report on Monday. CIBC lowered Imperial Oil from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from C$108.00 to C$110.00 in a research note on Wednesday, October 15th. Morgan Stanley boosted their price objective on Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. Finally, Cibc World Mkts downgraded Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Six research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of C$114.60.

Imperial Oil Stock Performance

IMO opened at C$148.49 on Tuesday. The company has a market cap of C$71.81 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 0.21 and a beta of 0.95. The stock has a 50-day moving average of C$129.15 and a 200-day moving average of C$126.18. Imperial Oil has a 52-week low of C$82.98 and a 52-week high of C$152.98. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. As a group, equities research analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, January 1st were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 1.9%. Imperial Oil’s dividend payout ratio (DPR) is 44.44%.

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.