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

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

Imperial Oil Stock Performance

TSE IMO opened at C$174.70 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.30 and a debt-to-equity ratio of 17.27. Imperial Oil Limited has a 52-week low of C$114.75 and a 52-week high of C$194.17. The business’s 50-day moving average price is C$181.17 and its 200 day moving average price is C$173.08. The firm has a market cap of C$82.46 billion, a P/E ratio of 13.90, a P/E/G 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 (EPS) for the quarter. The firm had revenue of C$16.18 billion for the quarter. Imperial Oil had a return on equity of 25.85% and a net margin of 10.85%. On average, equities research analysts expect that Imperial Oil Limited will post 8.62 earnings per share for the current year.

Imperial Oil Dividend Announcement

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

Analysts Set New Price Targets

IMO has been the subject of several analyst reports. National Bank Financial upped their price target on Imperial Oil from C$207.00 to C$213.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 20th. Desjardins lifted their price objective on shares of Imperial Oil from C$165.00 to C$172.00 and gave the company a “hold” rating in a research report on Tuesday, October 20th. UBS Group lifted their price objective on shares of Imperial Oil from C$195.00 to C$205.00 in a research report on Monday, September 14th. JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. Finally, TD boosted their price objective on shares of Imperial Oil from C$158.00 to C$164.00 and gave the company a “sell” rating in a research note on Tuesday, November 3rd. Six research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Imperial Oil has an average rating of “Reduce” and an average 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.