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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received a consensus rating of “Strong Sell” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$137.17.

A number of equities research analysts recently weighed in on IMO shares. National Bank Financial boosted 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 report on Wednesday. JPMorgan Chase & Co. cut their target price on Imperial Oil from C$155.00 to C$149.00 in a research report on Monday, May 4th. Raymond James Financial raised their price target on Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. Royal Bank Of Canada increased their price objective on Imperial Oil from C$116.00 to C$124.00 and gave the company an “underperform” rating in a report on Wednesday, April 8th. Finally, Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research report on Friday, June 26th.

Imperial Oil Stock Up 3.8%

Shares of TSE:IMO opened at C$171.74 on Thursday. The company has a market capitalization of C$83.05 billion, a PE ratio of 29.11, a P/E/G ratio of 0.21 and a beta of 0.39. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 18.53. Imperial Oil has a twelve month low of C$108.10 and a twelve month high of C$191.76. The firm has a 50 day simple moving average of C$171.12 and a 200-day simple moving average of C$160.18.

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

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, July 1st were paid 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 dividend payout ratio is currently 51.36%.

Insider Transactions at Imperial Oil

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction 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 quarter, insiders have sold 6,569 shares of company stock worth $1,144,955. Company 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.