Imperial Oil (TSE:IMO) Price Target Cut to C$150.00 by Analysts at TD

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective decreased by TD from C$156.00 to C$150.00 in a report published on Wednesday,BayStreet.CA reports. TD currently has a buy rating on the stock.

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. increased their price target on Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Desjardins set a C$160.00 price objective on shares of Imperial Oil and gave the stock a “hold” rating in a report on Friday, July 17th. Raymond James Financial upped their target price on shares of Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a report on Friday, June 26th. Finally, National Bank Financial increased their target price on shares of Imperial Oil from C$212.00 to C$214.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of C$142.45.

Imperial Oil Stock Performance

Shares of IMO opened at C$177.05 on Wednesday. The company has a debt-to-equity ratio of 18.53, a quick ratio of 0.98 and a current ratio of 1.23. The stock has a 50 day moving average price of C$170.04 and a two-hundred day moving average price of C$164.02. The firm has a market capitalization of C$85.62 billion, a P/E ratio of 30.01, a P/E/G ratio of 0.21 and a beta of 0.39. Imperial Oil has a 52 week low of C$113.00 and a 52 week high of C$191.76.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, May 1st. The company reported C$1.94 EPS for the quarter. Imperial Oil had a return on equity of 13.38% and a net margin of 6.13%.The firm had revenue of C$12.42 billion during the quarter. Equities analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, July 1st were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is presently 51.36%.

Insider Buying and Selling

In related news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total transaction of C$724,183.00. Insiders sold 6,569 shares of company stock worth $1,144,955 in the last 90 days. Company insiders own 71.26% of the company’s stock.

Imperial Oil Company Profile

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.