Imperial Oil (TSE:IMO) Price Target Raised to C$151.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price lifted by TD from C$150.00 to C$151.00 in a research report released on Wednesday morning,BayStreet.CA reports. They currently have a sell rating on the stock.

IMO has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. Scotia decreased their price target on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a report on Wednesday. Desjardins set a C$160.00 price objective on shares of Imperial Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada lifted 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. Finally, National Bank Financial boosted their price target on Imperial Oil from C$212.00 to C$214.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. Five analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of C$143.25.

Imperial Oil Trading Down 1.6%

Imperial Oil stock opened at C$174.21 on Wednesday. The firm has a 50 day moving average of C$169.93 and a 200 day moving average of C$168.10. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 18.46. The firm has a market capitalization of C$84.25 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 0.21 and a beta of 0.40. Imperial Oil has a 12-month low of C$114.02 and a 12-month high of C$191.76.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. The company had revenue of C$15.98 billion for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 19.13%. As a group, research analysts predict that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, July 1st were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, June 4th. Imperial Oil’s payout ratio is currently 37.15%.

Insiders Place Their Bets

In related news, insider Ian Robert Laing sold 4,100 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$176.63, for a total transaction of C$724,183.00. 71.26% of the stock is currently owned by company insiders.

About Imperial Oil

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.