Imperial Oil Limited (TSE:IMO) Director Bradley William Corson Buys 4,800 Shares

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) Director Bradley William Corson purchased 4,800 shares of Imperial Oil stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of C$97.44 per share, with a total value of C$467,713.92.

Imperial Oil Trading Down 6.7 %

Imperial Oil stock opened at C$97.03 on Friday. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. Imperial Oil Limited has a fifty-two week low of C$72.44 and a fifty-two week high of C$108.89. The stock has a market cap of C$51.99 billion, a P/E ratio of 10.17, a PEG ratio of 0.21 and a beta of 1.78. The firm’s fifty day moving average price is C$103.79 and its 200-day moving average price is C$98.28.

Imperial Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st will be paid a $0.60 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.47%. Imperial Oil’s dividend payout ratio is currently 25.16%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IMO shares. National Bankshares reduced their target price on shares of Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Royal Bank of Canada boosted their target price on Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. BMO Capital Markets upped their price target on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Finally, Scotiabank downgraded shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price objective on the stock. in a report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$103.35.

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.