Analysts Set Imperial Oil Limited (TSE:IMO) Price Target at C$104.10

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have covered the stock in the last year is C$104.10.

Several equities analysts have recently weighed in on IMO shares. JPMorgan Chase & Co. raised their price target on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Royal Bank of Canada lifted their price objective on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. TD Securities lifted their price objective on Imperial Oil from C$94.00 to C$97.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Raymond James lifted their price objective on Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. Finally, CIBC lifted their price objective on Imperial Oil from C$105.00 to C$108.00 in a report on Friday, January 17th.

Insider Activity

In other Imperial Oil news, Director Bradley William Corson purchased 4,800 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. Insiders own 71.26% of the company’s stock.

Imperial Oil Price Performance

Shares of TSE:IMO opened at C$97.80 on Monday. Imperial Oil has a 1-year low of C$83.24 and a 1-year high of C$108.89. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. The business has a fifty day moving average price of C$96.37 and a 200-day moving average price of C$99.25. The company has a market capitalization of C$51.06 billion, a PE ratio of 10.50, a PEG ratio of 0.21 and a beta of 1.78.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.45%. Imperial Oil’s payout ratio is currently 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.