Imperial Oil (TSE:IMO) Given New C$155.00 Price Target at JPMorgan Chase & Co.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price upped by JPMorgan Chase & Co. from C$108.00 to C$155.00 in a research note published on Wednesday,BayStreet.CA reports.

Several other analysts also recently weighed in on the stock. National Bank Financial boosted their target price on shares of Imperial Oil from C$139.00 to C$212.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 31st. TD Securities boosted their target price on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a research report on Monday, February 23rd. UBS Group boosted their target price on shares of Imperial Oil from C$155.00 to C$185.00 in a research report on Monday, March 16th. Desjardins boosted their target price on shares of Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a research report on Friday, February 20th. Finally, BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$132.00 to C$129.00 in a research report on Monday, December 15th. Four research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of C$135.82.

Imperial Oil Stock Down 2.4%

TSE:IMO opened at C$179.91 on Wednesday. The company has a market cap of C$87.00 billion, a PE ratio of 27.76, a P/E/G ratio of 0.21 and a beta of 0.52. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$185.73. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 19.69. The company’s 50 day moving average is C$165.24 and its two-hundred day moving average is C$141.09.

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

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st were issued a $0.87 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.48 annualized dividend and a dividend yield of 1.9%. Imperial Oil’s payout ratio is currently 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.