Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO hit a new 52-week high on Thursday . The company traded as high as C$113.04 and last traded at C$110.91, with a volume of 502243 shares trading hands. The stock had previously closed at C$111.30.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on IMO shares. Raymond James Financial 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 note on Wednesday, April 9th. The Goldman Sachs Group cut Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. Scotiabank raised Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Wolfe Research raised Imperial Oil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, Desjardins downgraded Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Imperial Oil has an average rating of "Hold" and an average target price of C$103.78.
Check Out Our Latest Stock Analysis on IMO
Imperial Oil Stock Performance
The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. The stock has a fifty day moving average price of C$98.28 and a 200-day moving average price of C$97.44. The firm has a market capitalization of C$58.37 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.21 and a beta of 1.78.
Imperial Oil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, July 1st will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.58%. Imperial Oil's payout ratio is presently 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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