Imperial Oil (TSE:IMO) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$166.07 and traded as high as C$182.60. Imperial Oil shares last traded at C$180.96, with a volume of 886,187 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IMO. JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. TD lowered their target price on shares of Imperial Oil from C$156.00 to C$150.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. National Bank Financial lifted their price target on shares of Imperial Oil from C$212.00 to C$214.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada upped their price target on shares of Imperial Oil from C$116.00 to C$124.00 and gave the company an “underperform” rating in a report on Wednesday, April 8th. Finally, Desjardins set a C$160.00 price objective on shares of Imperial Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of C$142.45.

Imperial Oil Stock Performance

The firm has a 50 day moving average of C$169.51 and a 200-day moving average of C$166.07. The company has a market cap of C$87.51 billion, a P/E ratio of 30.67, a PEG ratio of 0.21 and a beta of 0.39. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 18.53.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, May 1st. The company reported C$1.94 earnings per share for the quarter. Imperial Oil had a return on equity of 13.38% and a net margin of 6.13%.The business had revenue of C$12.42 billion during the quarter. As a group, sell-side analysts anticipate that Imperial Oil Limited will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.87 per share. The ex-dividend date was Thursday, June 4th. This represents a $3.48 annualized dividend and a dividend yield of 1.9%. Imperial Oil’s dividend payout ratio (DPR) is currently 51.36%.

Insider Buying and Selling at Imperial Oil

In related news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00. Insiders sold 6,569 shares of company stock valued at $1,144,955 in the last ninety days. Insiders own 71.26% of the company’s stock.

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.