Eight Capital set a C$39.00 target price on Imperial Oil (TSE:IMO) (NYSEMKT:IMO) in a research note released on Thursday, January 11th. The brokerage currently has a sell rating on the stock.
A number of other brokerages have also commented on IMO. JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$36.00 to C$38.00 and gave the stock an underweight rating in a report on Thursday, September 14th. Barclays decreased their price target on shares of Imperial Oil from C$44.00 to C$38.00 and set an underweight rating for the company in a research note on Thursday, November 2nd. National Bank Financial lifted their price target on shares of Imperial Oil from C$39.00 to C$41.00 and gave the company a sector perform rating in a research note on Tuesday, January 9th. Finally, TD Securities lifted their price target on shares of Imperial Oil from C$42.00 to C$43.00 and gave the company a hold rating in a research note on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Imperial Oil has a consensus rating of Hold and a consensus target price of C$41.40.
Shares of Imperial Oil (TSE:IMO) traded down C$1.67 during trading hours on Thursday, reaching C$37.12. 1,079,100 shares of the company were exchanged, compared to its average volume of 718,989. Imperial Oil has a fifty-two week low of C$35.15 and a fifty-two week high of C$43.36. The company has a market capitalization of $30,860.00, a PE ratio of 15.21 and a beta of 0.47.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 2nd will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.72%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.41%.
In related news, Director David Wallace Cornhill bought 5,500 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average cost of C$39.78 per share, for a total transaction of C$218,790.00.
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Imperial Oil Company Profile
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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