Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$41.40.
Several equities analysts have weighed in on the company. AltaCorp Capital raised Imperial Oil from an “underperform” rating to a “sector perform” rating in a research report on Monday, January 15th. Royal Bank of Canada raised Imperial Oil from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from C$40.00 to C$41.00 in a research report on Wednesday, January 31st. National Bank Financial raised their price target on Imperial Oil from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 9th. Finally, Eight Capital set a C$39.00 price target on Imperial Oil and gave the stock a “sell” rating in a research report on Thursday, January 11th.
Imperial Oil (TSE:IMO) traded up C$0.13 during trading on Friday, reaching C$35.26. The company’s stock had a trading volume of 495,964 shares, compared to its average volume of 891,763. The stock has a market capitalization of $29,200.00, a P/E ratio of 60.57 and a beta of 0.55. Imperial Oil has a one year low of C$34.00 and a one year high of C$42.25.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, February 2nd. The company reported C$0.52 earnings per share for the quarter, missing the consensus estimate of C$0.64 by C($0.12). The business had revenue of C$8.08 billion during the quarter, compared to the consensus estimate of C$7.19 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 2nd will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, March 1st. Imperial Oil’s dividend payout ratio is currently 108.62%.
In other Imperial Oil news, Director David Wallace Cornhill acquired 5,500 shares of the stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average price of C$39.78 per share, with a total value of C$218,790.00.
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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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