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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has earned a consensus recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$105.67.

A number of brokerages have issued reports on IMO. CIBC raised their price objective on shares of Imperial Oil from C$105.00 to C$108.00 in a research note on Friday, January 17th. National Bankshares lifted their price objective on Imperial Oil from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Wolfe Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 3rd. Scotiabank upgraded Imperial Oil to a “hold” rating in a report on Wednesday, March 19th. Finally, Raymond James raised Imperial Oil from a “market perform” rating to an “outperform” rating and lowered their price target for the company from C$108.00 to C$104.00 in a research note on Wednesday, April 9th.

Imperial Oil Stock Performance

Imperial Oil stock opened at C$86.29 on Tuesday. Imperial Oil has a 1 year low of C$82.98 and a 1 year high of C$108.89. The company’s 50-day moving average is C$97.28 and its two-hundred day moving average is C$98.88. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. The company has a market cap of C$45.05 billion, a PE ratio of 9.27, a PEG ratio of 0.21 and a beta of 1.78.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, March 5th. Imperial Oil’s payout ratio is 25.78%.

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.