Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO's share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$171.26 and traded as high as C$190.43. Imperial Oil shares last traded at C$188.85, with a volume of 845,311 shares trading hands.
Analyst Ratings Changes
A number of analysts have issued reports on IMO shares. Desjardins set a C$160.00 price objective on Imperial Oil and gave the stock a "hold" rating in a research note on Friday, July 17th. National Bank Financial dropped their price objective on shares of Imperial Oil from C$214.00 to C$209.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 5th. TD upped their target price on shares of Imperial Oil from C$150.00 to C$151.00 and gave the company a "sell" rating in a research report on Wednesday, August 5th. Scotia lowered their price target on shares of Imperial Oil from C$159.00 to C$156.00 and set a "sector perform" rating for the company in a report on Wednesday, August 5th. Finally, Scotiabank raised Imperial Oil to a "hold" rating in a research note on Friday, June 26th. Five investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of C$143.25.
Read Our Latest Stock Report on Imperial Oil
Imperial Oil Trading Up 0.4%
The company's 50 day simple moving average is C$172.54 and its 200-day simple moving average is C$171.26. The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 17.11. The firm has a market cap of C$91.33 billion, a P/E ratio of 22.06, a P/E/G ratio of 0.21 and a beta of 0.40.
Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last announced its quarterly earnings data on Friday, July 31st. The company reported C$4.52 earnings per share (EPS) for the quarter. The company had revenue of C$15.98 billion for the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%. As a group, research analysts predict that Imperial Oil Limited will post 8.6164609 earnings per share for the current fiscal year.
Imperial Oil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.87 per share. The ex-dividend date was Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 1.8%. Imperial Oil's dividend payout ratio is currently 37.15%.
About Imperial Oil
(
Get Free Report)
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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.
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