Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has been given a consensus rating of "Hold" by the ten ratings firms that are covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$103.35.
A number of equities research analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. Scotiabank lowered shares of Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 target price on the stock. in a research note on Wednesday, September 25th. BMO Capital Markets lifted their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Finally, Raymond James raised their target price on Imperial Oil from C$99.00 to C$101.50 in a research note on Monday, November 4th.
View Our Latest Stock Analysis on IMO
Imperial Oil Price Performance
Shares of IMO stock traded up C$0.93 during trading hours on Wednesday, reaching C$104.02. The company's stock had a trading volume of 712,848 shares, compared to its average volume of 970,403. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. Imperial Oil has a fifty-two week low of C$72.09 and a fifty-two week high of C$108.89. The company has a market capitalization of C$55.74 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.21 and a beta of 1.78. The firm's 50 day simple moving average is C$103.57 and its 200-day simple moving average is C$98.19.
Imperial Oil Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil's payout ratio is 25.16%.
About Imperial Oil
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Get Free ReportImperial 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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