Imperial Oil (TSE:IMO) Insider Ian Robert Laing Sells 4,100 Shares of Stock

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) insider Ian Robert Laing sold 4,100 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$176.63, for a total transaction of C$724,183.00.

Ian Robert Laing also recently made the following trade(s):

• On Thursday, May 7th, Ian Robert Laing sold 2,429 shares of Imperial Oil stock. The stock was sold at an average price of C$170.32, for a total transaction of C$413,707.28.

Imperial Oil Stock Performance

Shares of IMO stock opened at C$182.46 on Wednesday. The company has a debt-to-equity ratio of 18.20, a quick ratio of 0.98 and a current ratio of 1.23. Imperial Oil Limited has a one year low of C$97.03 and a one year high of C$185.73. The company’s 50-day simple moving average is C$173.39 and its 200-day simple moving average is C$148.91. The stock has a market capitalization of C$88.24 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 0.21 and a beta of 0.65.

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

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st were given a dividend of $0.87 per share. 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 dividend yield of 1.9%. Imperial Oil’s dividend payout ratio is 51.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IMO shares. Raymond James Financial lifted their target price on Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. UBS Group lifted their target price on Imperial Oil from C$155.00 to C$185.00 in a research note on Monday, March 16th. TD Securities lifted their target price on Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. decreased their target price on Imperial Oil from C$155.00 to C$149.00 in a research note on Monday, May 4th. Finally, National Bank Financial lifted their target price 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. Four analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Strong Sell” and an average target price of C$137.08.

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.