Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) Director David Wallace Cornhill bought 5,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was bought at an average cost of C$39.78 per share, with a total value of C$218,790.00.

Imperial Oil Ltd (IMO) traded down C$0.02 during trading hours on Thursday, hitting C$39.71. The company had a trading volume of 611,425 shares, compared to its average volume of 680,403. Imperial Oil Ltd has a fifty-two week low of C$35.15 and a fifty-two week high of C$48.72.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 30th. Imperial Oil’s dividend payout ratio (DPR) is 25.41%.

Several brokerages have recently weighed in on IMO. TD Securities upped their target price on Imperial Oil from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research report on Thursday, November 2nd. Barclays decreased their target price on Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating for the company in a research report on Thursday, November 2nd. J P Morgan Chase & Co upped their target price on Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a research report on Thursday, September 14th. Finally, AltaCorp Capital downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Imperial Oil has an average rating of “Hold” and an average target price of C$42.82.

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Imperial Oil Company Profile

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

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