Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$97.65 and traded as low as C$97.49. Imperial Oil shares last traded at C$99.26, with a volume of 726,879 shares trading hands.
Analysts Set New Price Targets
IMO has been the subject of several analyst reports. 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 upgraded Imperial Oil from a "market perform" rating to an "outperform" rating and dropped their target price for the company from C$108.00 to C$104.00 in a research report on Wednesday, April 9th. Wolfe Research upgraded Imperial Oil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Scotiabank upgraded Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Finally, National Bankshares increased their target price on Imperial Oil from C$109.00 to C$110.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$103.78.
Read Our Latest Report on IMO
Imperial Oil Price Performance
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 firm has a fifty day moving average of C$95.14 and a two-hundred day moving average of C$97.65. The stock has a market capitalization of C$51.82 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.21 and a beta of 1.78.
Imperial Oil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.90%. This is a positive change from Imperial Oil's previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, March 5th. Imperial Oil's dividend payout ratio (DPR) is presently 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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