Imperial Oil (TSE:IMO) Stock Price Passes Above Two Hundred Day Moving Average of $81.87

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$81.87 and traded as high as C$96.10. Imperial Oil shares last traded at C$94.51, with a volume of 1,107,798 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. CIBC upped their price target on shares of Imperial Oil from C$85.00 to C$90.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Royal Bank of Canada lifted their target price on Imperial Oil from C$85.00 to C$100.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target on Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. BMO Capital Markets raised their price objective on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Finally, TD Securities downgraded Imperial Oil from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$87.00 to C$88.00 in a research note on Thursday, February 29th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$94.23.

Imperial Oil Price Performance

The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 19.49. The firm’s fifty day moving average price is C$89.94 and its 200 day moving average price is C$81.96. The stock has a market cap of C$51.24 billion, a PE ratio of 11.26, a P/E/G ratio of 0.21 and a beta of 1.84.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.08 by C$0.39. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. The company had revenue of C$13.11 billion for the quarter, compared to the consensus estimate of C$16.57 billion. As a group, equities analysts expect that Imperial Oil Limited will post 8.4369527 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were given a $0.60 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, March 1st. Imperial Oil’s payout ratio is currently 28.27%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.