Imperial Oil (TSE:IMO) Sets New 12-Month Low - Here's What Happened

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$86.20 and last traded at C$87.79, with a volume of 69377 shares traded. The stock had previously closed at C$90.27.

Wall Street Analysts Forecast Growth

IMO has been the subject of several recent research reports. The Goldman Sachs Group lowered Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. 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 report on Thursday, January 30th. Raymond James raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating and reduced their price target for the company from C$108.00 to C$104.00 in a report on Wednesday. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Finally, TD Securities upped their target price on shares of Imperial Oil from C$94.00 to C$97.00 and gave the stock a "hold" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$105.67.

Imperial Oil Stock Performance

The stock has a market cap of C$45.30 billion, a P/E ratio of 9.32, a PEG ratio of 0.21 and a beta of 1.78. 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 company has a fifty day moving average of C$97.46 and a 200 day moving average of C$98.92.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were issued a $0.72 dividend. This is a positive change from Imperial Oil's previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, March 5th. This represents a $2.88 annualized dividend and a dividend yield of 3.32%. Imperial Oil's dividend payout ratio is 25.78%.

About Imperial Oil

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.