Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO's stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$110.32 and last traded at C$109.42, with a volume of 128580 shares. The stock had previously closed at C$107.29.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on IMO. TD Securities reduced their price target 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. Scotiabank upgraded Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Wolfe Research upgraded Imperial Oil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. Raymond James upgraded Imperial Oil from a "market perform" rating to an "outperform" rating and reduced their price target for the stock from C$108.00 to C$104.00 in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group downgraded Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Imperial Oil presently has a consensus rating of "Hold" and a consensus target price of C$103.78.
Read Our Latest Research Report on IMO
Imperial Oil Price Performance
The company has a 50 day simple moving average of C$96.42 and a 200-day simple moving average of C$97.18. The stock has a market cap of C$58.03 billion, a price-to-earnings ratio of 11.94, 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 Dividend Announcement
The business also recently disclosed 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. This represents a $2.88 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, June 4th. Imperial Oil's payout ratio is 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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