Imperial Oil Limited (TSE:IMO - Get Free Report) (NYSEMKT:IMO) Director Robert Edward Ballinger sold 100 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of C$176.67, for a total value of C$17,667.00. Following the completion of the sale, the director directly owned 5,282 shares of the company's stock, valued at C$933,170.94. This represents a 1.86% decrease in their ownership of the stock.
Imperial Oil Stock Down 1.1%
Imperial Oil stock opened at C$174.70 on Tuesday. The company has a debt-to-equity ratio of 17.27, a current ratio of 1.30 and a quick ratio of 0.98. Imperial Oil Limited has a 1-year low of C$114.75 and a 1-year high of C$194.17. The company has a market cap of C$82.46 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.21 and a beta of 0.56. The stock's 50 day moving average price is C$181.17 and its 200 day moving average price is C$173.08.
Imperial Oil (TSE:IMO - Get Free Report) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, October 30th. The company reported C$5.11 earnings per share for the quarter. The firm had revenue of C$16.18 billion for the quarter. Imperial Oil had a return on equity of 25.85% and a net margin of 10.85%. On average, sell-side analysts predict that Imperial Oil Limited will post 8.62 EPS for the current fiscal year.
Imperial Oil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, September 4th. Imperial Oil's payout ratio is presently 26.49%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on IMO. Scotia lowered their price target on shares of Imperial Oil from C$159.00 to C$156.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 5th. ATB Cormark Capital Markets raised their price objective on shares of Imperial Oil from C$140.00 to C$175.00 and gave the company a "sector perform" rating in a research note on Thursday, October 22nd. UBS Group boosted their price objective on shares of Imperial Oil from C$195.00 to C$205.00 in a report on Monday, September 14th. Raymond James Financial boosted their price objective on shares of Imperial Oil from C$130.00 to C$140.00 and gave the stock an "underperform" rating in a report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Six equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Imperial Oil presently has a consensus rating of "Reduce" and a consensus target price of C$153.92.
View Our Latest Report on IMO
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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