Imperial Oil (TSE:IMO) Given New C$107.00 Price Target at Raymond James Financial

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price lifted by Raymond James Financial from C$106.00 to C$107.00 in a research report sent to investors on Monday,BayStreet.CA reports. Raymond James Financial currently has an underperform rating on the stock.

IMO has been the topic of a number of other reports. National Bankshares lifted their price objective on Imperial Oil from C$125.00 to C$127.00 and gave the company a “sector perform” rating in a report on Friday, January 9th. JPMorgan Chase & Co. raised their target price on Imperial Oil from C$101.00 to C$110.00 in a research report on Thursday, October 23rd. TD Securities lowered their price target on Imperial Oil from C$107.00 to C$106.00 in a research report on Tuesday, December 16th. Desjardins increased their price objective on Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a research note on Monday, November 24th. Finally, Royal Bank Of Canada reduced their target price on shares of Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 13th. Six equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of C$113.60.

Imperial Oil Trading Up 2.0%

Shares of Imperial Oil stock opened at C$140.27 on Monday. Imperial Oil has a 52-week low of C$82.98 and a 52-week high of C$144.20. The firm has a market capitalization of C$67.83 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.21 and a beta of 0.89. 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 company’s fifty day moving average price is C$128.57 and its two-hundred day moving average price is C$125.62.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released 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 10.00% and a return on equity of 21.23%. On average, analysts expect that Imperial Oil will post 8.6164609 EPS for the current 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 issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio is presently 35.25%.

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.