Imperial Oil Limited (TSE:IMO) Receives Consensus Recommendation of “Strong Sell” from Brokerages

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has earned a consensus rating of “Strong Sell” from the ten research firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$137.00.

A number of analysts have issued reports on the company. Raymond James Financial raised their target price on Imperial Oil from C$107.00 to C$126.00 in a research report on Monday, March 30th. Royal Bank Of Canada raised their target price on 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. TD decreased their target price on Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating for the company in a research report on Wednesday, May 13th. Desjardins raised their price target on Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a report on Friday, February 20th. Finally, UBS Group lifted their price target on Imperial Oil from C$155.00 to C$185.00 in a research report on Monday, March 16th.

Imperial Oil Stock Performance

TSE:IMO opened at C$169.77 on Friday. The company has a debt-to-equity ratio of 18.20, a current ratio of 1.23 and a quick ratio of 0.98. The business has a fifty day simple moving average of C$175.76 and a two-hundred day simple moving average of C$155.86. Imperial Oil has a 1 year low of C$106.50 and a 1 year high of C$191.76. The company has a market capitalization of C$82.10 billion, a P/E ratio of 28.77, a P/E/G ratio of 0.21 and a beta of 0.43.

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

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, July 1st will be paid 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 is Thursday, June 4th. Imperial Oil’s payout ratio is presently 51.36%.

Insider Activity

In related news, insider Ian Robert Laing sold 4,100 shares of the business’s 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. In the last 90 days, insiders sold 6,569 shares of company stock worth $1,144,955. Insiders own 71.26% of the company’s stock.

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.