Imperial Oil (TSE:IMO) Price Target Raised to C$139.00 at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price increased by National Bankshares from C$127.00 to C$139.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other brokerages have also commented on IMO. CIBC lowered shares of Imperial Oil from a “neutral” rating to an “underperform” rating and increased their price target for the company from C$108.00 to C$110.00 in a research note on Wednesday, October 15th. Raymond James Financial increased their target price on shares of Imperial Oil from C$106.00 to C$107.00 and gave the company an “underperform” rating in a research report on Monday. Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Morgan Stanley upped their price objective on shares of Imperial Oil from C$97.00 to C$101.00 in a research note on Thursday, November 20th. Finally, JPMorgan Chase & Co. lifted their target price on Imperial Oil from C$99.00 to C$108.00 in a research report on Tuesday. Six investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, Imperial Oil has a consensus rating of “Reduce” and a consensus target price of C$114.60.

Imperial Oil Stock Up 3.9%

Imperial Oil stock opened at C$145.70 on Tuesday. The stock has a market cap of C$70.46 billion, a PE ratio of 22.48, a P/E/G ratio of 0.21 and a beta of 0.95. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. The stock’s fifty day moving average is C$128.73 and its two-hundred day moving average is C$125.85. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$146.13.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, January 30th. The company reported C$1.97 earnings per share (EPS) for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. On average, sell-side analysts expect that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, January 1st were paid a dividend of $0.72 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $2.88 annualized dividend and a dividend yield of 2.0%. Imperial Oil’s dividend payout ratio is 44.44%.

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.