Imperial Oil (IMO) PT Set at C$39.00 by Eight Capital

Eight Capital set a C$39.00 price objective on Imperial Oil (TSE:IMO) (NYSEMKT:IMO) in a research note issued to investors on Thursday morning. The firm currently has a sell rating on the stock.

Several other research analysts have also issued reports on the company. National Bank Financial boosted their target price on Imperial Oil from C$39.00 to C$41.00 and gave the company a sector perform rating in a research report on Tuesday. TD Securities boosted their target price on Imperial Oil from C$42.00 to C$43.00 and gave the company a hold rating in a research report on Thursday, November 2nd. Barclays dropped their target price on Imperial Oil from C$44.00 to C$38.00 and set an underweight rating for the company in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Imperial Oil from C$36.00 to C$38.00 and gave the company an underweight rating in a research report on Thursday, September 14th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of C$42.27.

Shares of Imperial Oil (IMO) traded down C$0.33 during trading hours on Thursday, hitting C$38.93. The company’s stock had a trading volume of 648,930 shares, compared to its average volume of 609,419. Imperial Oil has a fifty-two week low of C$35.15 and a fifty-two week high of C$45.48. The stock has a market capitalization of $32,440.00, a price-to-earnings ratio of 15.95 and a beta of 0.51.

The company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 1st were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.64%. Imperial Oil’s payout ratio is 25.41%.

In other news, Director David Wallace Cornhill purchased 5,500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of C$39.78 per share, for a total transaction of C$218,790.00.

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Imperial Oil Company Profile

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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