Imperial Oil (TSE:IMO) Given a C$160.00 Price Target at Desjardins

Desjardins set a C$160.00 price objective on Imperial Oil (TSE:IMO) (NYSEMKT:IMO) in a report published on Friday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Scotiabank raised Imperial Oil to a “hold” rating in a research report on Friday, June 26th. National Bank Financial raised their price objective on Imperial Oil from C$212.00 to C$214.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada lifted their price objective on Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday. Finally, TD cut 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 note on Wednesday, May 13th. Six research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of C$143.00.

Imperial Oil Stock Up 2.1%

Shares of Imperial Oil stock opened at C$171.89 on Friday. Imperial Oil has a 52-week low of C$111.68 and a 52-week high of C$191.76. The stock has a 50-day simple moving average of C$170.35 and a 200-day simple moving average of C$162.52. 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 firm has a market cap of C$83.12 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 0.21 and a beta of 0.39.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced 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 firm had revenue of C$12.42 billion during the quarter. On average, equities research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, July 1st were given a dividend of $0.87 per share. The ex-dividend date was Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.0%. Imperial Oil’s payout ratio is currently 51.36%.

Insider Transactions at Imperial Oil

In other news, insider Ian Robert Laing sold 4,100 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$176.63, for a total value of C$724,183.00. Over the last three months, insiders sold 6,569 shares of company stock worth $1,144,955. 71.26% of the stock is owned by company insiders.

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.