TD Securities Increases Imperial Oil (TSE:IMO) Price Target to C$92.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective increased by TD Securities from C$91.00 to C$92.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

IMO has been the subject of several other research reports. National Bankshares upped their price target on shares of Imperial Oil from C$90.00 to C$120.00 and gave the company a sector perform rating in a research report on Friday, April 19th. CIBC lifted their price target on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. Wolfe Research raised shares of Imperial Oil to a strong-buy rating in a research report on Thursday, July 18th. Desjardins raised their target price on Imperial Oil from C$92.00 to C$101.00 and gave the stock a hold rating in a report on Tuesday, July 23rd. Finally, Raymond James set a C$93.00 price target on Imperial Oil and gave the company a market perform rating in a report on Wednesday, May 29th. Nine analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Imperial Oil presently has a consensus rating of Hold and a consensus price target of C$100.15.

Imperial Oil Stock Performance

IMO stock opened at C$99.36 on Thursday. The company has a market cap of C$53.24 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 0.21 and a beta of 1.83. The company has a debt-to-equity ratio of 18.65, a current ratio of 1.34 and a quick ratio of 0.98. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$101.63. The stock’s fifty day moving average price is C$93.74 and its 200-day moving average price is C$91.30.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, September 4th. Imperial Oil’s dividend payout ratio (DPR) is currently 27.30%.

Imperial Oil Company Profile

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.