Imperial Oil (TSE:IMO) Stock Crosses Above 200 Day Moving Average of $81.87

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

Several research firms have recently commented on IMO. TD Securities lowered Imperial Oil from a “buy” rating to a “hold” rating and upped their target price for the company from C$87.00 to C$88.00 in a report on Thursday, February 29th. BMO Capital Markets increased their price objective on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. decreased their price objective on Imperial Oil from C$97.00 to C$94.00 in a report on Monday, February 12th. National Bankshares increased their price objective on Imperial Oil from C$89.00 to C$90.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. Finally, ATB Capital increased their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$91.92.

Imperial Oil Price Performance

The stock has a market capitalization of C$50.64 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 0.21 and a beta of 1.84. 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 business has a 50-day simple moving average of C$89.59 and a two-hundred day simple moving average of C$81.87.

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

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s dividend payout ratio is 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.