Imperial Oil Limited (TSE:IMO) Given Average Rating of “Hold” by Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given a consensus rating of “Hold” by the ten research firms that are currently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$101.23.

A number of equities research analysts have recently issued reports on IMO shares. National Bankshares lowered their target price on Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. JPMorgan Chase & Co. lifted their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday. Raymond James boosted their target price on shares of Imperial Oil from C$99.00 to C$101.50 in a research report on Monday, November 4th. BMO Capital Markets raised their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Finally, Royal Bank of Canada boosted their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th.

Imperial Oil Stock Down 0.3 %

Shares of Imperial Oil stock opened at C$104.53 on Friday. Imperial Oil has a twelve month low of C$72.03 and a twelve month high of C$108.89. The stock has a market cap of C$56.01 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The company has a fifty day moving average price of C$99.68 and a 200 day moving average price of C$97.06.

Imperial Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.30%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.