Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$97.70 and traded as high as C$111.25. Imperial Oil shares last traded at C$111.01, with a volume of 314,890 shares.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Scotiabank raised shares of Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Raymond James Financial raised Imperial Oil from a "market perform" rating to an "outperform" rating and cut 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 price target on 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. Finally, Desjardins lowered Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Imperial Oil has an average rating of "Hold" and an average price target of C$103.78.
View Our Latest Stock Analysis on Imperial Oil
Imperial Oil Stock Performance
The firm's fifty day simple moving average is C$101.39 and its 200 day simple moving average is C$97.79. The company has a market capitalization of C$56.47 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. 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 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 paid 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 2.66%. 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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