Imperial Oil Limited (TSE:IMO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$103.78.

A number of research analysts have weighed in on the stock. TD Securities cut their price objective on shares of Imperial Oil from C$94.00 to C$92.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. Raymond James upgraded shares of Imperial Oil from a “market perform” rating to an “outperform” rating and cut their price target for the company from C$108.00 to C$104.00 in a report on Wednesday, April 9th. Desjardins raised their price objective on shares of Imperial Oil from C$85.00 to C$89.00 and gave the stock a “hold” rating in a research note on Tuesday. CIBC upped their target price on Imperial Oil from C$105.00 to C$108.00 in a research note on Friday, January 17th. Finally, National Bankshares raised their price target 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.

Imperial Oil Price Performance

Shares of Imperial Oil stock opened at C$99.26 on Friday. The stock has a 50 day moving average price of C$95.14 and a 200-day moving average price of C$97.65. Imperial Oil has a one year low of C$82.98 and a one year high of C$108.89. The stock has a market cap of C$51.82 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.72 per share. This is an increase from Imperial Oil’s previous quarterly dividend of $0.60. This represents a $2.88 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, March 5th. Imperial Oil’s dividend payout ratio (DPR) is presently 25.78%.

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.