Imperial Oil Limited (TSE:IMO) Given Consensus Rating of “Reduce” by Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received an average recommendation of “Reduce” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$143.25.

Several brokerages have recently weighed in on IMO. Scotia decreased their price objective 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. JPMorgan Chase & Co. lifted their price objective on Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. National Bank Financial lowered their target price on shares of Imperial Oil from C$214.00 to C$209.00 and set a “sector perform” rating on the stock in a report on Wednesday. Scotiabank raised shares of Imperial Oil to a “hold” rating in a report on Friday, June 26th. Finally, Desjardins set a C$160.00 price target on shares of Imperial Oil and gave the company a “hold” rating in a research report on Friday, July 17th.

Imperial Oil Stock Down 1.6%

Shares of IMO opened at C$174.21 on Monday. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.98 and a current ratio of 1.38. The company has a 50-day simple moving average of C$169.93 and a 200-day simple moving average of C$168.10. Imperial Oil has a 52 week low of C$114.02 and a 52 week high of C$191.76. The firm has a market capitalization of C$84.25 billion, a P/E ratio of 20.35, a P/E/G ratio of 0.21 and a beta of 0.40.

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 business had revenue of C$15.98 billion for the quarter. Imperial Oil had a return on equity of 19.13% and a net margin of 7.81%. On average, equities research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Dividend Announcement

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

Insider Activity at Imperial Oil

In related news, insider Ian Robert Laing sold 4,100 shares of the stock in a transaction that occurred on 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 owned by insiders.

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.