Imperial Oil Limited (TSE:IMO) Receives C$105.67 Consensus Price Target from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$105.67.

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

Imperial Oil Stock Up 0.0 %

Shares of TSE IMO opened at C$104.46 on Friday. The firm’s 50 day moving average price is C$98.97 and its 200 day moving average price is C$98.75. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The firm has a market cap of C$54.53 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. Imperial Oil has a 1 year low of C$86.96 and a 1 year high of C$108.89.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be issued a dividend of $0.72 per share. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $2.88 annualized dividend and a dividend yield of 2.76%. Imperial Oil’s payout ratio is presently 25.78%.

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.