Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO's stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$114.12 and last traded at C$112.51, with a volume of 349713 shares traded. The stock had previously closed at C$113.85.
Wall Street Analyst Weigh In
IMO has been the subject of a number of research analyst reports. The Goldman Sachs Group cut Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Desjardins downgraded shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Wolfe Research upgraded shares of Imperial Oil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Raymond James Financial downgraded shares of Imperial Oil from a "moderate buy" rating to a "hold" rating and upped their price target for the stock from C$105.00 to C$107.00 in a report on Thursday, July 3rd. Finally, Scotiabank upped their price target on shares of Imperial Oil from C$100.00 to C$110.00 in a report on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$104.11.
Get Our Latest Report on Imperial Oil
Imperial Oil Stock Performance
The company's fifty day moving average is C$105.63 and its 200 day moving average is C$99.50. The company has a market capitalization of C$59.13 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.21 and a beta of 1.78. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, July 1st were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Wednesday, June 4th. Imperial Oil's dividend payout ratio (DPR) is currently 25.78%.
About Imperial Oil
(
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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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