Imperial Oil (TSE:IMO) Reaches New 1-Year High – Still a Buy?

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$165.00 and last traded at C$161.49, with a volume of 12627 shares traded. The stock had previously closed at C$163.25.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IMO. TD Securities cut their price objective on shares of Imperial Oil from C$107.00 to C$106.00 in a research report on Tuesday, December 16th. Morgan Stanley upped their price target on shares of Imperial Oil from C$97.00 to C$101.00 in a report on Thursday, November 20th. Raymond James Financial increased their price objective on shares of Imperial Oil from C$106.00 to C$107.00 and gave the stock an “underperform” rating in a research report on Monday, February 2nd. Royal Bank Of Canada dropped their target price on Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 13th. Finally, National Bank Financial increased their price target on Imperial Oil from C$127.00 to C$139.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of C$114.60.

Imperial Oil Stock Up 3.1%

The company has a market cap of C$79.67 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 0.21 and a beta of 0.95. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The business’s fifty day moving average is C$134.22 and its two-hundred day moving average is C$129.05.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, January 30th. The company reported C$1.97 EPS for the quarter. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%. The business had revenue of C$11.28 billion for the quarter. Equities analysts predict that Imperial Oil Limited will post 8.6164609 EPS for the current year.

Imperial Oil Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, January 1st were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 44.44%.

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.