Imperial Oil Ltd (IMO) Price Target Raised to C$38.00
Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) had its price target boosted by J P Morgan Chase & Co from C$36.00 to C$38.00 in a research report sent to investors on Thursday morning. The firm currently has an underweight rating on the stock.
IMO has been the topic of a number of other research reports. AltaCorp Capital cut Imperial Oil from a sector perform rating to an underperform rating in a research report on Wednesday, August 23rd. National Bank Financial reduced their price target on Imperial Oil from C$40.00 to C$36.00 in a report on Thursday, August 3rd. CIBC cut Imperial Oil from an outperform rating to a neutral rating and reduced their price target for the stock from C$50.00 to C$45.00 in a report on Wednesday, May 24th. TD Securities reduced their price target on Imperial Oil from C$44.00 to C$43.00 and set a hold rating on the stock in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reduced their price target on Imperial Oil from C$41.00 to C$40.00 and set a sector perform rating on the stock in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$43.75.
Imperial Oil (IMO) opened at 37.89 on Thursday. Imperial Oil has a 52-week low of $35.15 and a 52-week high of $48.72. The firm has a market capitalization of $31.99 billion and a P/E ratio of 11.91. The firm’s 50-day moving average is $36.74 and its 200-day moving average is $38.71.
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The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Sunday, October 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Wednesday, August 30th.
In related news, insider Jonathan Wetmore sold 5,282 shares of Imperial Oil stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of C$36.68, for a total value of C$193,743.76.
About Imperial Oil
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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