National Bank Financial Cuts Imperial Oil (TSE:IMO) Price Target to C$209.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target lowered by National Bank Financial from C$214.00 to C$209.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts have also issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 8th. Desjardins set a C$160.00 price target on shares of Imperial Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. TD lifted their price target on Imperial Oil from C$150.00 to C$151.00 and gave the stock a “sell” rating in a research note on Wednesday. Scotiabank raised Imperial Oil to a “hold” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. upped their price objective on Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. Five research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of C$143.25.

Imperial Oil Stock Performance

Shares of TSE:IMO opened at C$174.21 on Wednesday. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.98 and a current ratio of 1.38. Imperial Oil has a one year low of C$114.02 and a one year high of C$191.76. The business’s 50-day simple moving average is C$169.93 and its 200 day simple moving average is C$168.10. The company has a market cap of C$84.25 billion, a P/E ratio of 20.35, a PEG ratio of 0.21 and a beta of 0.40.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, July 31st. The company reported C$4.52 EPS for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 19.13%. The business had revenue of C$15.98 billion for the quarter. On average, sell-side analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, July 1st were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, June 4th. Imperial Oil’s dividend payout ratio is presently 37.15%.

Insider Transactions at Imperial Oil

In related news, insider Ian Robert Laing sold 4,100 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$176.63, for a total value of C$724,183.00. 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.