Imperial Oil Limited (TSE:IMO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$105.67.

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

Imperial Oil Trading Up 0.0 %

TSE IMO opened at C$104.46 on Friday. Imperial Oil has a 52 week low of C$86.96 and a 52 week high of C$108.89. The stock has a market cap of C$54.53 billion, a P/E ratio of 11.22, a PEG ratio of 0.21 and a beta of 1.78. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. The company’s fifty day simple moving average is C$98.97 and its 200-day simple moving average is C$98.75.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 5th. This is a boost from Imperial Oil’s previous quarterly dividend of $0.60. This represents a $2.88 annualized dividend and a dividend yield of 2.76%. Imperial Oil’s dividend payout ratio (DPR) is 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.