Imperial Oil (TSE:IMO) Price Target Raised to C$105.00 at CIBC

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target lifted by CIBC from C$90.00 to C$105.00 in a report published on Monday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Several other research firms have also recently commented on IMO. Desjardins boosted their price target on shares of Imperial Oil from C$86.00 to C$88.00 and gave the stock a hold rating in a report on Friday, March 22nd. JPMorgan Chase & Co. lowered their target price on shares of Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. National Bankshares raised their price target on Imperial Oil from C$90.00 to C$120.00 and gave the company a sector perform rating in a research note on Friday. BMO Capital Markets upped their price objective on Imperial Oil from C$95.00 to C$115.00 in a research report on Thursday, March 28th. Finally, Royal Bank of Canada increased their price objective on Imperial Oil from C$85.00 to C$100.00 in a report on Tuesday, April 9th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Imperial Oil has an average rating of Hold and an average price target of C$95.38.

Imperial Oil Stock Up 0.9 %

Imperial Oil stock opened at C$96.49 on Monday. The firm has a market capitalization of C$51.70 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.21 and a beta of 1.84. The stock’s fifty day simple moving average is C$90.26 and its 200-day simple moving average is C$82.12. Imperial Oil has a twelve month low of C$60.19 and a twelve month high of C$101.63. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, topping the consensus estimate of C$2.08 by C$0.39. The company had revenue of C$13.11 billion for the quarter, compared to the consensus estimate of C$16.57 billion. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. As a group, equities analysts expect that Imperial Oil will post 8.4369527 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were paid a dividend of $0.60 per share. The ex-dividend date was Friday, March 1st. This represents a $2.40 dividend on an annualized basis and a yield of 2.49%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s dividend payout ratio is currently 28.27%.

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 and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.