Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$98.94 and traded as high as C$101.57. Imperial Oil shares last traded at C$99.92, with a volume of 1,623,373 shares traded.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. TD Securities boosted their price target on 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. CIBC boosted their price target on Imperial Oil from C$105.00 to C$108.00 in a research report on Friday, January 17th. Raymond James upped their target price on Imperial Oil from C$101.50 to C$104.00 in a research report on Friday, December 13th. National Bankshares upped their target price on Imperial Oil from C$109.00 to C$110.00 and gave the company a "sector perform" rating in a research report on Thursday, January 30th. Finally, Wolfe Research downgraded Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating, According to MarketBeat, Imperial Oil has a consensus rating of "Hold" and a consensus target price of C$104.10.
View Our Latest Stock Report on IMO
Imperial Oil Trading Up 1.5 %
The firm has a 50 day moving average of C$97.86 and a 200-day moving average of C$98.82. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The firm has a market capitalization of C$50.87 billion, a P/E ratio of 10.47, a PEG ratio of 0.21 and a beta of 1.78.
Imperial Oil Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 5th. This is a boost from Imperial Oil's previous quarterly dividend of $0.60. This represents a $2.88 annualized dividend and a yield of 2.96%. Imperial Oil's dividend payout ratio is presently 25.78%.
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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