Imperial Oil Limited (TSE:IMO) Receives C$137.17 Average PT from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received an average rating of “Strong Sell” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$140.45.

Several equities research analysts have commented on the company. Raymond James Financial boosted their target price on Imperial Oil from C$107.00 to C$126.00 in a report on Monday, March 30th. Royal Bank Of Canada lifted their price target on 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. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday. National Bank Financial increased their price objective on shares of Imperial Oil from C$212.00 to C$214.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Finally, Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research note on Friday, June 26th.

Imperial Oil Price Performance

Shares of TSE IMO opened at C$169.02 on Thursday. The company has a 50 day simple moving average of C$170.46 and a two-hundred day simple moving average of C$162.09. Imperial Oil has a fifty-two week low of C$111.37 and a fifty-two week high of C$191.76. The company has a market capitalization of C$81.74 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 0.21 and a beta of 0.39. The company has a debt-to-equity ratio of 18.53, a quick ratio of 0.98 and a current ratio of 1.23.

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

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, July 1st were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. Imperial Oil’s dividend payout ratio (DPR) is 51.36%.

Insiders Place Their Bets

In related news, insider Ian Robert Laing sold 4,100 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00. In the last ninety days, insiders have sold 6,569 shares of company stock valued at $1,144,955. 71.26% of the stock is owned by 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.