Imperial Oil (TSE:IMO) Stock: Insider Robert Edward Ballinger Sells 100 Shares

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) Director Robert Edward Ballinger sold 100 shares of Imperial Oil stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of C$176.67, for a total value of C$17,667.00. Following the transaction, the director directly owned 5,282 shares in the company, valued at approximately C$933,170.94. The trade was a 1.86% decrease in their ownership of the stock.

Imperial Oil Price Performance

Imperial Oil stock traded down C$1.97 during midday trading on Monday, hitting C$174.70. The company’s stock had a trading volume of 869,697 shares, compared to its average volume of 840,897. The company has a quick ratio of 0.98, a current ratio of 1.30 and a debt-to-equity ratio of 17.27. The stock’s 50-day moving average price is C$181.17 and its 200-day moving average price is C$173.08. Imperial Oil Limited has a 12 month low of C$114.75 and a 12 month high of C$194.17. The company has a market capitalization of C$82.46 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.21 and a beta of 0.56.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, October 30th. The company reported C$5.11 earnings per share for the quarter. Imperial Oil had a net margin of 10.85% and a return on equity of 25.85%. The company had revenue of C$16.18 billion during the quarter. Analysts anticipate that Imperial Oil Limited will post 8.62 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, October 1st were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, September 4th. Imperial Oil’s payout ratio is presently 26.49%.

Analyst Ratings Changes

A number of analysts recently weighed in on IMO shares. ATB Cormark Capital Markets raised their target price on shares of Imperial Oil from C$140.00 to C$175.00 and gave the stock a “sector perform” rating in a report on Thursday, October 22nd. UBS Group upped their price target on Imperial Oil from C$195.00 to C$205.00 in a report on Monday, September 14th. Scotia reduced their price objective on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. Desjardins lifted their target price on Imperial Oil from C$165.00 to C$172.00 and gave the stock a “hold” rating in a report on Tuesday, October 20th. Finally, National Bank Financial boosted their target price on Imperial Oil from C$207.00 to C$213.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 20th. Six equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of C$153.92.

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