Insider Selling: Imperial Oil (TSE:IMO) Insider Sells C$724,183.00 in Stock

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) insider Ian Robert Laing sold 4,100 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00.

Ian Robert Laing also recently made the following trade(s):

• On Thursday, May 7th, Ian Robert Laing sold 2,429 shares of Imperial Oil stock. The stock was sold at an average price of C$170.32, for a total transaction of C$413,707.28.

Imperial Oil Trading Up 0.7%

Shares of Imperial Oil stock opened at C$181.62 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 18.20. Imperial Oil Limited has a 12-month low of C$97.03 and a 12-month high of C$185.73. The company has a market capitalization of C$87.83 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 0.21 and a beta of 0.65. The firm’s 50-day moving average price is C$174.12 and its two-hundred day moving average price is C$149.68.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, May 1st. The company reported C$1.94 earnings per share for the quarter. The company had revenue of C$12.42 billion during the quarter. Imperial Oil had a net margin of 6.27% and a return on equity of 13.43%. On average, analysts forecast that Imperial Oil Limited will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were issued a $0.87 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.72. Imperial Oil’s dividend payout ratio (DPR) is 51.36%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IMO. UBS Group lifted their target price on Imperial Oil from C$155.00 to C$185.00 in a research report on Monday, March 16th. Raymond James Financial raised their price target on shares of Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. TD Securities upped their price objective on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a research report on Monday, February 23rd. Royal Bank Of Canada increased their price objective on shares of Imperial Oil from C$116.00 to C$124.00 and gave the company an “underperform” rating in a research note on Wednesday, April 8th. Finally, National Bank Financial raised their target price on shares of Imperial Oil from C$139.00 to C$212.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 31st. Four research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Imperial Oil currently has a consensus rating of “Strong Sell” and a consensus price target of C$137.00.

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.