Imperial Oil Limited (TSE:IMO – Get Free Report) (NYSEMKT:IMO) reached a new 52-week high during trading on Friday. The company traded as high as C$192.40 and last traded at C$191.76, with a volume of 1,088,139 shares changing hands. The stock had previously closed at C$183.62.
Wall Street Analyst Weigh In
Several research firms have recently commented on IMO. ATB Cormark Capital Markets raised their price objective on shares of Imperial Oil from C$140.00 to C$175.00 and gave the company a “sector perform” rating in a research note on Thursday, October 22nd. Raymond James Financial upped their target price on shares of Imperial Oil from C$130.00 to C$140.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 16th. Scotia decreased their price target on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Finally, TD boosted their target price on shares of Imperial Oil from C$150.00 to C$151.00 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Six investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of C$152.83.
Read Our Latest Stock Analysis on Imperial Oil
Imperial Oil Stock Up 4.5%
The company has a debt-to-equity ratio of 17.11, a quick ratio of 0.98 and a current ratio of 1.38. The company has a market capitalization of C$92.83 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 0.21 and a beta of 0.62. The business has a 50-day simple moving average of C$181.62 and a two-hundred day simple moving average of C$171.41.
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, October 30th. The company reported C$5.11 earnings per share for the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%. The business had revenue of C$16.20 billion for the quarter. As a group, equities analysts predict that Imperial Oil Limited will post 8.62 EPS for the current year.
Imperial Oil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were issued a dividend of $0.87 per share. The ex-dividend date was Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 1.8%. Imperial Oil’s payout ratio is presently 37.15%.
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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.
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