Imperial Oil Limited (TSE:IMO) Receives Average Recommendation of “Hold” from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$103.90.

Several brokerages recently weighed in on IMO. Royal Bank of Canada lifted their price target on Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. National Bankshares reduced their price target on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. JPMorgan Chase & Co. lifted their price target on Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. TD Securities lifted their price target on Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a research report on Friday. Finally, Scotiabank cut Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a research report on Wednesday, September 25th.

Insiders Place Their Bets

In related news, Director Bradley William Corson acquired 4,800 shares of the stock in a transaction on Thursday, December 12th. The shares were bought at an average price of C$97.44 per share, with a total value of C$467,713.92. 71.26% of the stock is currently owned by corporate insiders.

Imperial Oil Trading Down 1.1 %

Shares of TSE:IMO opened at C$96.00 on Wednesday. Imperial Oil has a 52-week low of C$73.67 and a 52-week high of C$108.89. The stock has a market cap of C$51.44 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.21 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. The business has a 50-day moving average price of C$103.73 and a 200-day moving average price of C$98.33.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is currently 25.16%.

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.