Imperial Oil Limited (TSE:IMO) Receives C$137.00 Consensus Target Price from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned an average rating of “Strong Sell” from the ten brokerages that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$137.00.

A number of equities analysts have recently issued reports on the stock. Desjardins raised their target price on shares of Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a research report on Friday, February 20th. Raymond James Financial raised their target price on shares of Imperial Oil from C$107.00 to C$126.00 in a research report on Monday, March 30th. TD lowered their target price on shares of Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating on the stock in a research report on Wednesday, May 13th. Royal Bank Of Canada raised 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 report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Imperial Oil from C$155.00 to C$149.00 in a research report on Monday, May 4th.

Insiders Place Their Bets

In related 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. In the last 90 days, insiders have sold 6,569 shares of company stock valued at $1,144,955. Company insiders own 71.26% of the company’s stock.

Imperial Oil Stock Performance

Shares of IMO opened at C$183.89 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 18.20. The firm has a market cap of C$88.93 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 0.21 and a beta of 0.65. The company’s 50 day simple moving average is C$176.91 and its 200-day simple moving average is C$152.14. Imperial Oil has a 12-month low of C$97.03 and a 12-month high of C$191.76.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, May 1st. The company reported C$1.94 earnings per share (EPS) for the quarter. The business had revenue of C$12.42 billion for the quarter. Imperial Oil had a net margin of 6.27% and a return on equity of 13.43%. As a group, equities analysts predict that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st were given a $0.87 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date was Thursday, March 5th. This represents a $3.48 dividend on an annualized basis and a yield of 1.9%. Imperial Oil’s payout ratio is 51.36%.

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.