CIBC Boosts Imperial Oil (TSE:IMO) Price Target to C$105.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target raised by CIBC from C$90.00 to C$105.00 in a research report sent to investors on Monday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other equities analysts have also recently commented on the stock. ATB Capital lifted their price objective on shares of Imperial Oil from C$85.00 to C$90.00 and gave the stock a sector perform rating in a research note on Wednesday, March 20th. Desjardins lifted their price target on shares of Imperial Oil from C$86.00 to C$88.00 and gave the stock a hold rating in a research note on Friday, March 22nd. TD Securities cut shares of Imperial Oil from a buy rating to a hold rating and lifted their price target for the stock from C$87.00 to C$88.00 in a research note on Thursday, February 29th. BMO Capital Markets lifted their price target on shares of Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of C$95.69.

Imperial Oil Stock Up 0.4 %

Shares of IMO stock opened at C$96.91 on Monday. The company has a market capitalization of C$51.93 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 0.21 and a beta of 1.84. Imperial Oil has a one year low of C$60.19 and a one year high of C$101.63. The company’s fifty day moving average price is C$90.94 and its 200-day moving average price is C$82.35. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, beating the consensus estimate of C$2.08 by C$0.39. The company had revenue of C$13.11 billion during the quarter, compared to analysts’ expectations of C$16.57 billion. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. Sell-side analysts expect that Imperial Oil will post 8.4369527 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were issued a $0.60 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.40 annualized dividend and a dividend yield of 2.48%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s payout ratio is currently 28.27%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.