Imperial Oil (TSE:IMO) Given New C$105.00 Price Target at CIBC

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by CIBC from C$90.00 to C$105.00 in a report issued on Monday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

IMO has been the topic of several other reports. ATB Capital upped their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the stock a sector perform rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. reduced their target price on shares of Imperial Oil from C$97.00 to C$94.00 in a report on Monday, February 12th. TD Securities cut shares of Imperial Oil from a buy rating to a hold rating and lifted their price target for the stock from C$87.00 to C$88.00 in a research note on Thursday, February 29th. Royal Bank of Canada upped their target price on Imperial Oil from C$85.00 to C$100.00 in a research note on Tuesday, April 9th. Finally, National Bankshares lifted their target price on Imperial Oil from C$90.00 to C$120.00 and gave the stock a sector perform rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of C$95.38.

Imperial Oil Trading Up 0.9 %

Imperial Oil stock opened at C$96.49 on Monday. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98. The firm’s 50 day moving average price is C$90.26 and its 200-day moving average price is C$82.12. Imperial Oil has a 1 year low of C$60.19 and a 1 year high of C$101.63. The stock has a market cap of C$51.70 billion, a P/E ratio of 11.37, a PEG ratio of 0.21 and a beta of 1.84.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 EPS for the quarter, topping the consensus estimate of C$2.08 by C$0.39. The business had revenue of C$13.11 billion for the quarter, compared to analysts’ expectations of C$16.57 billion. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. On average, equities analysts predict that Imperial Oil will post 8.4369527 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 dividend on an annualized basis and a yield of 2.49%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s dividend payout ratio (DPR) is presently 28.27%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.