Key Points
- Insider selling: Imperial Oil insider Ian Robert Laing sold 4,100 shares on Monday, May 11, for about C$724,183, following another sale of 2,429 shares on May 7.
- Recent company performance: Imperial Oil reported quarterly EPS of C$1.94 on revenue of C$12.42 billion, with return on equity of 13.43% and net margin of 6.27%.
- Dividend and analyst outlook: The company raised its quarterly dividend to C$0.87 per share from C$0.72, but analysts remain cautious, 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 4,100 shares of the business's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00.
Ian Robert Laing also recently made the following trade(s):
- On Thursday, May 7th, Ian Robert Laing sold 2,429 shares of Imperial Oil stock. The stock was sold at an average price of C$170.32, for a total value of C$413,707.28.
Imperial Oil Price Performance
Shares of TSE:IMO opened at C$182.46 on Wednesday. Imperial Oil Limited has a 12 month low of C$97.03 and a 12 month high of C$185.73. The stock has a market cap of C$88.24 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 0.21 and a beta of 0.65. The stock's 50 day moving average price is C$173.39 and its 200 day moving average price is C$148.91. The company has a debt-to-equity ratio of 18.20, a current ratio of 1.23 and a quick ratio of 0.98.
Imperial Oil (TSE:IMO - Get Free Report) (NYSEMKT:IMO) last announced its earnings results on Friday, May 1st. The company reported C$1.94 EPS for the quarter. Imperial Oil had a return on equity of 13.43% and a net margin of 6.27%.The firm had revenue of C$12.42 billion for the quarter. Equities research analysts anticipate that Imperial Oil Limited will post 8.6164609 earnings per share for the current fiscal year.
Imperial Oil Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Imperial Oil's previous quarterly dividend of $0.72. This represents a $3.48 annualized dividend and a yield of 1.9%. Imperial Oil's dividend payout ratio is presently 51.36%.
Analyst Ratings Changes
IMO has been the topic of several recent analyst reports. National Bank Financial boosted their target price on 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. TD Securities lifted their price target on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a "sell" rating in a research report on Monday, February 23rd. Desjardins lifted their price target on shares of Imperial Oil from C$120.00 to C$132.00 and gave the stock a "sell" rating in a research report on Friday, February 20th. 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 report on Wednesday, April 8th. Finally, UBS Group lifted their price target on shares of Imperial Oil from C$155.00 to C$185.00 in a research report on Monday, March 16th. Four investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Imperial Oil presently has an average rating of "Strong Sell" and a consensus price target of C$137.08.
Check Out Our Latest Report on Imperial Oil
About Imperial Oil
(
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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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