Imperial Oil Limited (TSE:IMO) Receives C$105.67 Consensus PT from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$105.67.

Several research analysts have recently weighed in on IMO shares. TD Securities boosted their price objective on shares of Imperial Oil from C$94.00 to C$97.00 and gave the company a “hold” rating in a report on Friday, February 21st. Raymond James upped their target price on shares of Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. CIBC upped their target price on shares of Imperial Oil from C$105.00 to C$108.00 in a report on Friday, January 17th. National Bankshares upped their target price on shares of Imperial Oil from C$109.00 to C$110.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Finally, Wolfe Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, January 3rd.

Imperial Oil Stock Up 0.2 %

IMO opened at C$102.20 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The firm has a 50 day moving average price of C$98.63 and a 200-day moving average price of C$98.68. Imperial Oil has a twelve month low of C$86.96 and a twelve month high of C$108.89. The stock has a market capitalization of C$53.35 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.21 and a beta of 1.78.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.82%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.60. The ex-dividend date is 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.