Imperial Oil (TSE:IMO) Price Target Raised to C$158.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by JPMorgan Chase & Co. from C$149.00 to C$158.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

Several other research firms also recently commented on IMO. Raymond James Financial upped their price objective on shares of Imperial Oil from C$107.00 to C$126.00 in a report on Monday, March 30th. UBS Group lifted their target price on shares of Imperial Oil from C$155.00 to C$185.00 in a research note on Monday, March 16th. TD lowered their price target on shares of Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating on the stock in a research report on Wednesday, May 13th. National Bank Financial upped their price target on shares of Imperial Oil from C$212.00 to C$214.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a report on Wednesday, April 8th. Five analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Sell” and a consensus target price of C$140.45.

Imperial Oil Stock Down 0.4%

Shares of TSE IMO opened at C$168.35 on Tuesday. Imperial Oil has a one year low of C$111.68 and a one year high of C$191.76. The company has a debt-to-equity ratio of 18.53, a current ratio of 1.23 and a quick ratio of 0.98. The business’s fifty day moving average price is C$170.39 and its 200-day moving average price is C$162.45. The stock has a market capitalization of C$81.41 billion, a PE ratio of 28.53, a P/E/G ratio of 0.21 and a beta of 0.39.

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

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, July 1st were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.1%. Imperial Oil’s dividend payout ratio is 51.36%.

Insider Transactions at Imperial Oil

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00. Over the last 90 days, insiders sold 6,569 shares of company stock worth $1,144,955. Corporate 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.