Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.
Analysts Set New Price Targets
IMO has been the subject of a number of recent analyst reports. TD Securities decreased 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 report on Monday, April 21st. Desjardins cut shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. The Goldman Sachs Group cut shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, Raymond James Financial upgraded shares of Imperial Oil from a "market perform" rating to an "outperform" rating and reduced their target price for the company from C$108.00 to C$104.00 in a research note on Wednesday, April 9th. Two investment 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 company's stock. According to MarketBeat.com, Imperial Oil has an average rating of "Hold" and an average price target of C$103.78.
View Our Latest Stock Analysis on IMO
Imperial Oil Trading Up 1.0%
The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. The company's 50 day moving average is C$100.61 and its two-hundred day moving average is C$97.70. The firm has a market cap of C$57.95 billion, a P/E ratio of 11.92, a PEG ratio of 0.21 and a beta of 1.78.
Imperial Oil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, July 1st will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil's dividend payout ratio (DPR) 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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