Imperial Oil Limited (TSE:IMO) Receives Consensus Recommendation of “Strong Sell” from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been assigned an average rating of “Strong Sell” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$137.00.

Several equities analysts have commented on IMO shares. TD dropped their target price on Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating for the company in a research report on Wednesday, May 13th. Royal Bank Of Canada lifted their target price on shares of Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 8th. Raymond James Financial boosted their price objective on shares of Imperial Oil from C$107.00 to C$126.00 in a research report on Monday, March 30th. Desjardins boosted their price objective on shares of Imperial Oil from C$120.00 to C$132.00 and gave the company a “sell” rating in a research report on Friday, February 20th. Finally, UBS Group lifted their price target on Imperial Oil from C$155.00 to C$185.00 in a research report on Monday, March 16th.

Imperial Oil Trading Down 1.2%

Shares of Imperial Oil stock opened at C$159.16 on Friday. Imperial Oil has a 12-month low of C$106.50 and a 12-month high of C$191.76. The company has a 50-day simple moving average of C$174.27 and a 200 day simple moving average of C$156.67. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 18.53. The stock has a market capitalization of C$76.97 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 0.21 and a beta of 0.43.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, May 1st. The company reported C$1.94 earnings per share for the quarter. Imperial Oil had a net margin of 6.13% and a return on equity of 13.38%. The firm had revenue of C$12.42 billion for the quarter. Research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. Imperial Oil’s dividend payout ratio is presently 51.36%.

Insider Buying and Selling

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$176.63, for a total value of C$724,183.00. Insiders have sold 6,569 shares of company stock valued at $1,144,955 over the last 90 days. 71.26% of the stock is currently owned by corporate insiders.

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.