Insider Selling: Imperial Oil (TSE:IMO) Director Sells C$17,667.00 in Stock

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) Director Robert Edward Ballinger sold 100 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of C$176.67, for a total transaction of C$17,667.00. Following the transaction, the director 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 Performance

IMO opened at C$180.36 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.30 and a debt-to-equity ratio of 17.27. The company has a market cap of C$85.13 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.21 and a beta of 0.56. Imperial Oil Limited has a 52-week low of C$114.75 and a 52-week high of C$194.17. The firm’s fifty day simple moving average is C$180.88 and its two-hundred day simple moving average is C$173.48.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, October 30th. The company reported C$5.11 EPS for the quarter. Imperial Oil had a net margin of 10.85% and a return on equity of 25.85%. The business had revenue of C$16.18 billion during the quarter. Equities analysts anticipate that Imperial Oil Limited will post 8.62 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, October 1st were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, September 4th. Imperial Oil’s payout ratio is presently 26.49%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IMO shares. UBS Group boosted their price objective on Imperial Oil from C$195.00 to C$205.00 in a research note on Monday, September 14th. Raymond James Financial lifted their price target on Imperial Oil from C$130.00 to C$140.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 16th. Desjardins lifted their price target on Imperial Oil from C$165.00 to C$172.00 and gave the stock a “hold” rating in a research note on Tuesday, October 20th. Scotia dropped their price target on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. Finally, TD increased their price objective on Imperial Oil from C$158.00 to C$164.00 and gave the company a “sell” rating in a research note on Tuesday, November 3rd. Six analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of C$153.92.

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.