Imperial Oil Limited (TSE:IMO – Get Free Report) (NYSEMKT:IMO) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$84.13.
A number of equities analysts recently issued reports on IMO shares. JPMorgan Chase & Co. raised their target price on Imperial Oil from C$93.00 to C$95.00 in a research note on Thursday, November 2nd. Royal Bank of Canada raised their target price on Imperial Oil from C$77.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 10th. Scotiabank raised their target price on Imperial Oil from C$76.00 to C$83.00 and gave the company a “sector perform” rating in a research report on Monday, October 16th. TD Securities dropped their target price on Imperial Oil from C$95.00 to C$93.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Finally, National Bank Financial lifted their price objective on Imperial Oil from C$82.00 to C$111.00 in a report on Thursday, October 12th.
Imperial Oil Stock Performance
Imperial Oil Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, November 30th. Imperial Oil’s payout ratio is presently 22.47%.
About Imperial Oil
Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment is involved in the transportation and refining of crude oil, blending of refined products, and the distribution and marketing of refined products.
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