The Goldman Sachs Group lowered shares of Imperial Oil (TSE:IMO - Free Report) NYSEMKT: IMO from a neutral rating to a sell rating in a research report released on Thursday, Marketbeat Ratings reports.
IMO has been the subject of several other research reports. Wolfe Research downgraded shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 3rd. Raymond James lifted their target price on Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. National Bankshares upped their price target 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. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Finally, CIBC upped their price objective on shares of Imperial Oil from C$105.00 to C$108.00 in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$105.67.
Check Out Our Latest Research Report on Imperial Oil
Imperial Oil Stock Performance
Shares of Imperial Oil stock traded up C$2.40 during trading on Thursday, reaching C$103.95. The company's stock had a trading volume of 577,383 shares, compared to its average volume of 889,094. The firm has a market cap of C$54.27 billion, a PE ratio of 11.17, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a 50-day moving average price of C$99.25 and a two-hundred day moving average price of C$98.94. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. Imperial Oil has a fifty-two week low of C$86.96 and a fifty-two week high of C$108.89.
Imperial Oil Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be given a $0.72 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.77%. This is a boost from Imperial Oil's previous quarterly dividend of $0.60. Imperial Oil's dividend payout ratio (DPR) is currently 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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