Weekly Investment Analysts’ Ratings Changes for Imperial Oil (IMO)

Imperial Oil (TSE: IMO) recently received a number of ratings updates from brokerages and research firms:

• 11/13/2024 – Imperial Oil had its price target raised by analysts at JPMorgan Chase & Co. from C$97.00 to C$100.00.
• 11/6/2024 – Imperial Oil had its price target raised by analysts at Royal Bank of Canada from C$99.00 to C$101.00.
• 11/5/2024 – Imperial Oil had its price target raised by analysts at TD Securities from C$92.00 to C$93.00. They now have a “hold” rating on the stock.
• 11/4/2024 – Imperial Oil had its price target raised by analysts at Raymond James from C$99.00 to C$101.50.
• 10/15/2024 – Imperial Oil had its price target raised by analysts at Raymond James from C$97.00 to C$99.00.
• 10/8/2024 – Imperial Oil had its price target raised by analysts at JPMorgan Chase & Co. from C$94.00 to C$97.00. They now have a “neutral” rating on the stock.
• 10/4/2024 – Imperial Oil had its price target raised by analysts at BMO Capital Markets from C$115.00 to C$120.00.
• 9/27/2024 – Imperial Oil had its price target lowered by analysts at National Bankshares, Inc. from C$115.00 to C$112.00.
• 9/25/2024 – Imperial Oil was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating. They now have a C$110.00 price target on the stock.
• 9/17/2024 – Imperial Oil had its price target lowered by analysts at Royal Bank of Canada from C$108.00 to C$99.00.

Imperial Oil Stock Performance

Shares of IMO traded up C$1.73 during mid-day trading on Thursday, hitting C$103.61. 223,156 shares of the company’s stock were exchanged, compared to its average volume of 964,351. Imperial Oil Limited has a fifty-two week low of C$72.03 and a fifty-two week high of C$108.89. The firm has a market capitalization of C$55.52 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.21 and a beta of 1.78. The business’s 50 day moving average is C$99.61 and its two-hundred day moving average is C$97.01. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.32%. Imperial Oil’s dividend payout ratio (DPR) is 25.16%.

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.