Imperial Oil Limited (TSE:IMO - Get Free Report) (NYSEMKT:IMO) Director Bradley William Corson bought 4,800 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of C$97.44 per share, with a total value of C$467,713.92.
Imperial Oil Price Performance
IMO opened at C$97.03 on Friday. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The stock has a market capitalization of C$51.99 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The stock's 50 day moving average price is C$103.79 and its 200-day moving average price is C$98.28. Imperial Oil Limited has a 52-week low of C$72.44 and a 52-week high of C$108.89.
Imperial Oil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil's payout ratio is currently 25.16%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on IMO. BMO Capital Markets boosted their price objective on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. National Bankshares reduced their price objective on Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Scotiabank lowered Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 target price for the company. in a research note on Wednesday, September 25th. Finally, Raymond James raised their price target on Imperial Oil from C$99.00 to C$101.50 in a research report on Monday, November 4th. Nine investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Imperial Oil has a consensus rating of "Hold" and an average price target of C$103.35.
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Imperial Oil Company Profile
(
Get Free Report)
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.
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