Shares of Imperial Oil Limited (TSE:IMO – Get Free Report) (NYSEMKT:IMO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$83.14 and traded as high as C$95.94. Imperial Oil shares last traded at C$95.68, with a volume of 526,227 shares changing hands.
Wall Street Analysts Forecast Growth
IMO has been the topic of a number of recent analyst reports. TD Securities increased their price target on shares of Imperial Oil from C$89.00 to C$91.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. CIBC increased their target price on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. National Bankshares boosted their price target on shares of Imperial Oil from C$90.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. Desjardins increased their price objective on Imperial Oil from C$88.00 to C$92.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, Royal Bank of Canada boosted their target price on Imperial Oil from C$100.00 to C$105.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$96.31.
View Our Latest Analysis on Imperial Oil
Imperial Oil Stock Up 0.9 %
Imperial Oil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.40 dividend on an annualized basis and a yield of 2.51%. Imperial Oil’s payout ratio is 27.94%.
About Imperial Oil
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.
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