Imperial Oil (TSE:IMO) Releases Quarterly Earnings Results

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) released its quarterly earnings results on Friday. The company reported C$4.52 EPS for the quarter, FiscalAI reports. The business had revenue of C$16.06 billion for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.67%.

Imperial Oil Price Performance

Shares of IMO stock opened at C$181.75 on Friday. The firm’s 50 day moving average price is C$169.40 and its two-hundred day moving average price is C$166.57. 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 has a 52-week low of C$113.01 and a 52-week high of C$191.76. The stock has a market cap of C$87.89 billion, a PE ratio of 30.81, a PEG ratio of 0.21 and a beta of 0.39.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, July 1st were paid a $0.87 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 1.9%. Imperial Oil’s dividend payout ratio (DPR) is presently 51.36%.

Insider Activity at Imperial Oil

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$176.63, for a total transaction of C$724,183.00. In the last three months, insiders have sold 6,569 shares of company stock worth $1,144,955. Insiders own 71.26% of the company’s stock.

Analyst Upgrades and Downgrades

IMO has been the topic of several research reports. Desjardins set a C$160.00 price objective on Imperial Oil and gave the stock a “hold” rating in a report on Friday, July 17th. National Bank Financial lifted their target price on Imperial Oil from C$212.00 to C$214.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada boosted their target price 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. Scotiabank raised Imperial Oil to a “hold” rating in a research note on Friday, June 26th. Finally, TD decreased their price target on Imperial Oil from C$156.00 to C$150.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of C$142.45.

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.