Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO's stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$98.13 and traded as low as C$88.54. Imperial Oil shares last traded at C$90.02, with a volume of 1,136,142 shares traded.
Analysts Set New Price Targets
Several analysts recently issued reports on IMO shares. Scotiabank downgraded shares of Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 price target for the company. in a research report on Wednesday, September 25th. Royal Bank of Canada lifted their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. BMO Capital Markets upped their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. National Bankshares cut their price target on Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Finally, TD Securities raised their price objective on Imperial Oil from C$93.00 to C$96.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$103.90.
View Our Latest Research Report on IMO
Imperial Oil Stock Performance
The company has a 50-day moving average price of C$99.14 and a two-hundred day moving average price of C$98.14. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. The stock has a market capitalization of C$48.24 billion, a P/E ratio of 9.44, a PEG ratio of 0.21 and a beta of 1.78.
Imperial Oil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Tuesday, December 3rd. Imperial Oil's payout ratio is 25.16%.
Insider Buying and Selling
In other news, Director Bradley William Corson acquired 4,800 shares of Imperial Oil stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is owned by company insiders.
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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