Desjardins Analysts Give Imperial Oil (TSE:IMO) a C$160.00 Price Target

Desjardins set a C$160.00 price objective on Imperial Oil (TSE:IMO) (NYSEMKT:IMO) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

IMO has been the subject of a number of other reports. National Bank Financial increased their price objective on Imperial Oil from C$212.00 to C$214.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. Royal Bank Of Canada lifted their target price 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. Raymond James Financial upped their price target on Imperial Oil from C$107.00 to C$126.00 in a research report on Monday, March 30th. Scotiabank raised Imperial Oil to a “hold” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. raised their price objective on Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Six research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of C$143.00.

Imperial Oil Stock Performance

IMO opened at C$171.89 on Friday. The company has a debt-to-equity ratio of 18.53, a current ratio of 1.23 and a quick ratio of 0.98. Imperial Oil has a fifty-two week low of C$111.68 and a fifty-two week high of C$191.76. The company’s 50 day moving average price is C$170.35 and its two-hundred day moving average price is C$162.83. The firm has a market capitalization of C$83.12 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 0.21 and a beta of 0.39.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, May 1st. The company reported C$1.94 earnings per share (EPS) for the quarter. The firm 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%. As a group, research analysts predict that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders 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 annualized dividend and a dividend yield of 2.0%. Imperial Oil’s dividend payout ratio is 51.36%.

Insider Buying and Selling at Imperial Oil

In related 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 transaction of C$724,183.00. Insiders have sold 6,569 shares of company stock worth $1,144,955 in the last ninety days. Corporate 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.