Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have earned an average rating of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$41.00.
A number of equities analysts have weighed in on IMO shares. National Bank Financial increased their target price on shares of Imperial Oil from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 9th. Royal Bank of Canada upgraded shares of Imperial Oil from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from C$40.00 to C$41.00 in a research report on Wednesday, January 31st. AltaCorp Capital upgraded shares of Imperial Oil from an “underperform” rating to a “sector perform” rating in a research report on Monday, January 15th. Finally, Eight Capital set a C$39.00 target price on shares of Imperial Oil and gave the stock a “sell” rating in a research report on Thursday, January 11th.
Shares of TSE:IMO opened at C$34.12 on Wednesday. Imperial Oil has a twelve month low of C$33.46 and a twelve month high of C$42.25.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 2nd will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.88%.
Imperial Oil Company Profile
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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