Desjardins downgraded shares of Imperial Oil (TSE:IMO - Free Report) NYSEMKT: IMO from a hold rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.
Several other analysts have also commented on the company. Wolfe Research raised Imperial Oil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Raymond James upgraded Imperial Oil from a "market perform" rating to an "outperform" rating and lowered their target price for the company from C$108.00 to C$104.00 in a research report on Wednesday, April 9th. TD Securities lowered their target price on Imperial Oil from C$94.00 to C$92.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group downgraded Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. Finally, Scotiabank upgraded Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$103.78.
Check Out Our Latest Analysis on IMO
Imperial Oil Stock Performance
Shares of IMO traded up C$1.15 during trading hours on Tuesday, hitting C$100.80. The stock had a trading volume of 530,492 shares, compared to its average volume of 829,530. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. Imperial Oil has a 12 month low of C$82.98 and a 12 month high of C$108.89. The firm has a market capitalization of C$52.62 billion, a PE ratio of 10.83, a PEG ratio of 0.21 and a beta of 1.78. The stock has a fifty day moving average price of C$95.19 and a 200 day moving average price of C$97.15.
Imperial Oil Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, July 1st will be given a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $2.88 annualized dividend and a dividend yield of 2.86%. Imperial Oil's payout ratio is 25.78%.
Imperial Oil Company Profile
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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.
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