Imperial Oil (TSE:IMO) Hits New 12-Month High – Should You Buy?

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO)’s share price reached a new 52-week high on Monday . The stock traded as high as C$184.27 and last traded at C$183.09, with a volume of 61585 shares changing hands. The stock had previously closed at C$181.25.

Wall Street Analysts Forecast Growth

IMO has been the topic of a number of research reports. Raymond James Financial raised their price target on Imperial Oil from C$106.00 to C$107.00 and gave the stock an “underperform” rating in a research note on Monday, February 2nd. TD Securities boosted their price objective on Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a research note on Monday, February 23rd. BMO Capital Markets downgraded Imperial Oil from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$132.00 to C$129.00 in a report on Monday, December 15th. UBS Group raised their target price on shares of Imperial Oil from C$155.00 to C$185.00 in a research report on Monday, March 16th. Finally, National Bank Financial upped their price target on shares of Imperial Oil from C$127.00 to C$139.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and a consensus target price of C$122.45.

Imperial Oil Trading Up 1.4%

The business’s 50-day moving average is C$158.32 and its two-hundred day moving average is C$138.19. The company has a debt-to-equity ratio of 19.69, a quick ratio of 0.98 and a current ratio of 1.27. The stock has a market capitalization of C$88.90 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 0.21 and a beta of 0.90.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, January 30th. The company reported C$1.97 EPS for the quarter. Imperial Oil had a net margin of 7.02% and a return on equity of 14.75%. The company had revenue of C$11.28 billion during the quarter. As a group, equities research analysts anticipate that Imperial Oil Limited will post 8.6164609 earnings per share for the current year.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st will be issued a dividend of $0.87 per share. This is an increase from Imperial Oil’s previous quarterly dividend of $0.72. This represents a $3.48 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, March 5th. Imperial Oil’s dividend payout ratio is currently 44.44%.

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.