Key Points
- Imperial Oil insider Ian Robert Laing sold 2,429 shares on May 7 at an average price of C$170.32, totaling about C$413,707. After the sale, he still held 4,100 shares, a 37.2% reduction in his position.
- The company recently reported strong quarterly results, posting C$1.94 in EPS on revenue of C$12.42 billion. Imperial Oil also had a net margin of 6.27% and return on equity of 13.43%.
- Imperial Oil raised its quarterly dividend from C$0.72 to C$0.87, implying an annualized payout of C$3.48 and a dividend yield of about 2.0%. Analysts remain cautious overall, with a consensus rating of “Strong Sell” and an average price target of C$137.08.
Imperial Oil Limited (TSE:IMO - Get Free Report) (NYSEMKT:IMO) insider Ian Robert Laing sold 2,429 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$170.32, for a total transaction of C$413,707.28. Following the completion of the transaction, the insider owned 4,100 shares in the company, valued at C$698,312. This trade represents a 37.20% decrease in their position.
Imperial Oil Price Performance
Shares of TSE:IMO opened at C$177.88 on Tuesday. The firm's 50 day moving average price is C$172.93 and its 200-day moving average price is C$148.49. Imperial Oil Limited has a twelve month low of C$97.03 and a twelve month high of C$185.73. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 18.20. The stock has a market capitalization of C$86.02 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 0.21 and a beta of 0.65.
Imperial Oil (TSE:IMO - Get Free Report) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, May 1st. The company reported C$1.94 earnings per share for the quarter. Imperial Oil had a net margin of 6.27% and a return on equity of 13.43%. The firm had revenue of C$12.42 billion for the quarter. Equities research analysts expect that Imperial Oil Limited will post 8.6164609 EPS for the current year.
Imperial Oil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st were paid a $0.87 dividend. This is a boost from Imperial Oil's previous quarterly dividend of $0.72. The ex-dividend date was Thursday, March 5th. This represents a $3.48 annualized dividend and a dividend yield of 2.0%. Imperial Oil's dividend payout ratio (DPR) is currently 51.36%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on IMO shares. Raymond James Financial increased their price objective on shares of Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. TD increased their price objective on shares of Imperial Oil from C$110.00 to C$157.00 and gave the stock a "sell" rating in a research note on Thursday, April 16th. TD Securities increased their price objective on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a "sell" rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Imperial Oil from C$155.00 to C$149.00 in a research note on Monday, May 4th. Finally, National Bank Financial increased their target price on shares of Imperial Oil from C$139.00 to C$212.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 31st. Four investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Strong Sell" and an average price target of C$137.08.
View Our Latest Research Report on Imperial Oil
Imperial Oil Company Profile
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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.
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