Imperial Oil (TSE:IMO) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$99.04 and traded as high as C$100.50. Imperial Oil shares last traded at C$98.25, with a volume of 316,851 shares traded.

Analysts Set New Price Targets

Several research analysts recently issued reports on IMO shares. JPMorgan Chase & Co. lifted their price objective on Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. Royal Bank of Canada upped their price objective on Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. National Bankshares increased their price objective on Imperial Oil from C$109.00 to C$110.00 and gave the company a "sector perform" rating in a research note on Thursday, January 30th. Wolfe Research lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Friday, January 3rd. Finally, CIBC raised their price target on shares of Imperial Oil from C$105.00 to C$108.00 in a research note on Friday, January 17th. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$104.00.

Imperial Oil Stock Up 1.3 %

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 stock has a market capitalization of C$51.95 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.21 and a beta of 1.78. The firm's fifty day moving average is C$96.02 and its 200-day moving average is C$99.04.

Imperial Oil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.41%. Imperial Oil's payout ratio is 25.78%.

Insider Activity at Imperial Oil

In other news, Director Bradley William Corson bought 4,800 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is owned by corporate insiders.

Imperial Oil Company Profile

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.