TD Cuts Imperial Oil (TSE:IMO) Price Target to C$150.00

by · The Cerbat Gem

Imperial Oil (TSE:IMO – Free Report) (NYSEMKT:IMO) had its price objective reduced by TD from C$156.00 to C$150.00 in a research report released on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms also recently weighed in on IMO. Royal Bank Of Canada upped their target price on shares of Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 8th. Scotiabank raised shares of Imperial Oil to a “hold” rating in a research note on Friday, June 26th. Raymond James Financial boosted their price objective on shares of Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. National Bank Financial upped their price objective on shares of Imperial Oil from C$212.00 to C$214.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Finally, Desjardins set a C$160.00 target price on shares of Imperial Oil and gave the company a “hold” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of C$142.45.

View Our Latest Stock Analysis on Imperial Oil

Imperial Oil Stock Down 0.1%

Shares of TSE:IMO opened at C$181.29 on Wednesday. The firm has a market capitalization of C$87.67 billion, a P/E ratio of 30.73, a P/E/G ratio of 0.21 and a beta of 0.39. 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$169.96 and a 200-day moving average price of C$164.56. Imperial Oil has a 52-week low of C$113.01 and a 52-week high of C$191.76.

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

Imperial Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.87 per share. The ex-dividend date was Thursday, June 4th. This represents a $3.48 annualized dividend and a dividend yield of 1.9%. Imperial Oil’s dividend payout ratio (DPR) is presently 51.36%.

Insider Activity

In other news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil 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 ninety days, insiders sold 6,569 shares of company stock valued at $1,144,955. 71.26% of the stock is owned by insiders.

Imperial Oil Company Profile

(Get Free Report)

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.

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