Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$98.35 and traded as low as C$95.43. Imperial Oil shares last traded at C$95.83, with a volume of 1,798,370 shares changing hands.
Analyst Ratings Changes
IMO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. National Bankshares reduced their price objective on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. 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. TD Securities boosted their target price on shares of Imperial Oil from C$93.00 to C$96.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Finally, Raymond James raised their price target on Imperial Oil from C$101.50 to C$104.00 in a research report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$103.90.
Read Our Latest Report on IMO
Imperial Oil Trading Up 0.5 %
The firm has a market capitalization of C$51.60 billion, a P/E ratio of 10.09, a PEG ratio of 0.21 and a beta of 1.78. The business has a 50-day moving average price of C$98.12 and a 200-day moving average price of C$98.35. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, January 1st were paid a $0.60 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.49%. Imperial Oil's payout ratio is currently 25.16%.
Insiders Place Their Bets
In other news, Director Bradley William Corson bought 4,800 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of C$97.44 per share, for a total transaction of C$467,713.92. Corporate insiders own 71.26% of the company's stock.
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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