Imperial Oil (TSE:IMO) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$124.05 and traded as high as C$138.49. Imperial Oil shares last traded at C$136.87, with a volume of 519,128 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on the company. National Bankshares raised their target price on Imperial Oil from C$125.00 to C$127.00 and gave the stock a “sector perform” rating in a research report on Friday, January 9th. Raymond James Financial dropped their target price on shares of Imperial Oil from C$111.00 to C$110.00 in a report on Tuesday, December 16th. Royal Bank Of Canada lowered their price target on shares of Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 13th. CIBC downgraded Imperial Oil from a “neutral” rating to an “underperform” rating and raised their price target for the company from C$108.00 to C$110.00 in a report on Wednesday, October 15th. Finally, Cibc World Mkts lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Six analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, Imperial Oil has a consensus rating of “Reduce” and a consensus price target of C$113.90.

Imperial Oil Trading Up 1.2%

The stock has a 50-day simple moving average of C$128.41 and a two-hundred day simple moving average of C$124.26. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. The firm has a market capitalization of C$68.84 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 0.21 and a beta of 0.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, October 31st. The company reported C$2.17 earnings per share (EPS) for the quarter. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%. The firm had revenue of C$11.99 billion for the quarter. On average, equities research analysts anticipate that Imperial Oil Limited will post 8.6164609 earnings per share for the current year.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, January 1st were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, December 3rd. Imperial Oil’s payout ratio is 35.25%.

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.