Imperial Oil (NYSEAMERICAN:IMO) Reaches New 1-Year High - Still a Buy?

Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO's stock price reached a new 52-week high during trading on Monday . The stock traded as high as $82.90 and last traded at $82.66, with a volume of 136102 shares traded. The stock had previously closed at $82.53.

Wall Street Analysts Forecast Growth

IMO has been the subject of several research analyst reports. Wolfe Research raised Imperial Oil from a "peer perform" rating to an "outperform" rating in a report on Monday, April 21st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $101.00 price objective on shares of Imperial Oil in a report on Thursday, April 3rd. Scotiabank raised Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. The Goldman Sachs Group lowered Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Finally, Desjardins lowered Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $106.33.

Imperial Oil Stock Performance

The company has a market cap of $41.74 billion, a P/E ratio of 12.26 and a beta of 0.89. The firm has a 50 day moving average price of $76.92 and a 200-day moving average price of $70.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.22 and a current ratio of 1.48.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th were paid a dividend of $0.523 per share. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, June 4th. This represents a $2.09 annualized dividend and a yield of 2.55%. Imperial Oil's dividend payout ratio is presently 31.87%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Yousif Capital Management LLC bought a new position in shares of Imperial Oil during the 1st quarter worth approximately $226,000. Bessemer Group Inc. increased its holdings in Imperial Oil by 198.9% during the 1st quarter. Bessemer Group Inc. now owns 23,690 shares of the energy company's stock valued at $1,713,000 after purchasing an additional 15,765 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Imperial Oil by 29.0% during the 4th quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company's stock valued at $58,212,000 after purchasing an additional 212,707 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Imperial Oil during the 4th quarter valued at $258,000. Finally, Envestnet Asset Management Inc. increased its holdings in Imperial Oil by 8.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 63,193 shares of the energy company's stock valued at $3,893,000 after purchasing an additional 5,181 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

About Imperial Oil

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.