Imperial Oil (TSE:IMO) Price Target Raised to C$126.00 at Raymond James Financial

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target boosted by Raymond James Financial from C$107.00 to C$126.00 in a research report released on Monday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. Royal Bank Of Canada cut Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 target price on the stock. in a report on Monday, February 23rd. National Bank Financial boosted their target price on shares of Imperial Oil from C$127.00 to C$139.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. BMO Capital Markets lowered Imperial Oil from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$132.00 to C$129.00 in a report on Monday, December 15th. Desjardins increased their price objective on Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a research note on Friday, February 20th. Finally, TD Securities raised their target price on Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Imperial Oil presently has an average rating of “Strong Sell” and a consensus price target of C$124.18.

Imperial Oil Stock Down 0.3%

Shares of TSE:IMO opened at C$180.63 on Monday. Imperial Oil has a 1 year low of C$82.98 and a 1 year high of C$185.13. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.27 and a quick ratio of 0.98. The business’s 50-day moving average is C$159.21 and its 200-day moving average is C$138.57. The company has a market capitalization of C$87.35 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 0.21 and a beta of 0.90.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, January 30th. The company reported C$1.97 EPS for the quarter. Imperial Oil had a net margin of 7.02% and a return on equity of 14.75%. The company had revenue of C$11.28 billion during the quarter. Equities research analysts predict that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st will be paid a $0.87 dividend. The ex-dividend date is Thursday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. This represents a $3.48 dividend on an annualized basis and a yield of 1.9%. Imperial Oil’s dividend payout ratio is presently 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.