Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO hit a new 52-week high on Wednesday . The company traded as high as C$114.84 and last traded at C$114.97, with a volume of 195323 shares. The stock had previously closed at C$113.62.
Analysts Set New Price Targets
A number of brokerages have weighed in on IMO. Scotiabank lifted their target price on Imperial Oil from C$100.00 to C$110.00 in a report on Friday, July 11th. Desjardins cut Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. TD Securities reduced their price target on shares of Imperial Oil from C$94.00 to C$92.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Raymond James Financial lowered shares of Imperial Oil from a "moderate buy" rating to a "hold" rating and boosted their price target for the company from C$105.00 to C$107.00 in a research note on Thursday, July 3rd. Finally, Wolfe Research lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Imperial Oil presently has an average rating of "Hold" and a consensus target price of C$104.11.
View Our Latest Stock Report on Imperial Oil
Imperial Oil Price Performance
The company has a market capitalization of C$59.91 billion, a PE ratio of 12.33, a PEG ratio of 0.21 and a beta of 1.78. The firm has a fifty day moving average of C$107.13 and a two-hundred day moving average of C$100.50. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04.
Imperial Oil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, July 1st were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Wednesday, June 4th. 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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