Imperial Oil (TSE:IMO) Shares Pass Above Two Hundred Day Moving Average of $81.87

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO's share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$81.87 and traded as high as C$96.10. Imperial Oil shares last traded at C$94.51, with a volume of 1,107,798 shares trading hands.

Analyst Ratings Changes

A number of research firms have issued reports on IMO. CIBC lifted their price target on Imperial Oil from C$85.00 to C$90.00 and gave the company a "neutral" rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. cut their price target on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. National Bankshares lifted their price target on Imperial Oil from C$90.00 to C$120.00 and gave the company a "sector perform" rating in a research note on Friday. TD Securities downgraded Imperial Oil from a "buy" rating to a "hold" rating and lifted their price target for the company from C$87.00 to C$88.00 in a research note on Thursday, February 29th. Finally, Royal Bank of Canada lifted their price target on Imperial Oil from C$85.00 to C$100.00 in a research note on Tuesday, April 9th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$94.23.

Imperial Oil Price Performance

The company has a debt-to-equity ratio of 19.49, a quick ratio of 0.98 and a current ratio of 1.26. The stock has a market capitalization of C$51.24 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. The firm has a 50-day moving average price of C$89.94 and a 200 day moving average price of C$81.96.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last released its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 EPS for the quarter, topping the consensus estimate of C$2.08 by C$0.39. The firm had revenue of C$13.11 billion for the quarter, compared to the consensus estimate of C$16.57 billion. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. On average, analysts expect that Imperial Oil Limited will post 8.4369527 EPS for the current year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, March 1st. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's payout ratio is currently 28.27%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.