Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) had its price target raised by J P Morgan Chase & Co from C$36.00 to C$38.00 in a report published on Thursday. The firm currently has an underweight rating on the stock.
A number of other analysts also recently weighed in on the company. CIBC downgraded Imperial Oil from an outperform rating to a neutral rating and decreased their price target for the company from C$50.00 to C$45.00 in a research note on Wednesday, May 24th. National Bank Financial restated a sector perform rating on shares of Imperial Oil in a research note on Monday, June 26th. Royal Bank Of Canada decreased their price target on Imperial Oil from C$41.00 to C$40.00 and set a sector perform rating on the stock in a research note on Friday, August 4th. AltaCorp Capital downgraded Imperial Oil from a sector perform rating to an underperform rating in a research note on Wednesday, August 23rd. Finally, TD Securities decreased their price target on Imperial Oil from C$44.00 to C$43.00 and set a hold rating on the stock in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Imperial Oil presently has a consensus rating of Hold and an average price target of C$43.75.
Imperial Oil (IMO) opened at 37.89 on Thursday. Imperial Oil has a one year low of $35.15 and a one year high of $48.72. The company has a 50-day moving average of $36.74 and a 200 day moving average of $38.71. The firm has a market cap of $31.99 billion and a P/E ratio of 11.91.
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The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Sunday, October 1st will be paid a $0.16 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.69%.
In other news, insider Jonathan Wetmore sold 5,282 shares of the stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of C$36.68, for a total value of C$193,743.76.
About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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