Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) insider Jonathan Wetmore sold 5,282 shares of the stock in a transaction on Thursday, July 6th. The shares were sold at an average price of C$36.68, for a total value of C$193,743.76.

Imperial Oil Ltd (TSE IMO) traded down 1.15% during midday trading on Friday, reaching $36.17. The company’s stock had a trading volume of 538,380 shares. Imperial Oil Ltd has a one year low of $35.85 and a one year high of $48.72. The stock has a market cap of $30.66 billion and a price-to-earnings ratio of 11.82. The stock’s 50 day moving average price is $38.62 and its 200-day moving average price is $41.69.

The business also recently declared a quarterly dividend, which was paid on Saturday, July 1st. Investors of record on Friday, June 2nd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, May 31st. This is an increase from Imperial Oil’s previous quarterly dividend of $0.15.

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Several research firms have recently weighed in on IMO. National Bank Financial reissued a “sector perform” rating on shares of Imperial Oil in a report on Monday, June 26th. CIBC cut Imperial Oil from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$50.00 to C$45.00 in a report on Wednesday, May 24th. Royal Bank Of Canada decreased their target price on Imperial Oil from C$48.00 to C$47.00 and set a “sector perform” rating on the stock in a report on Friday, May 5th. TD Securities decreased their target price on Imperial Oil from C$48.00 to C$46.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$49.00 target price on shares of Imperial Oil in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$46.17.

About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

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