Imperial Oil (TSE:IMO) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$124.05 and traded as high as C$138.49. Imperial Oil shares last traded at C$136.87, with a volume of 519,128 shares trading hands.

Analysts Set New Price Targets

IMO has been the topic of several research reports. Morgan Stanley raised their price objective on Imperial Oil from C$97.00 to C$101.00 in a report on Thursday, November 20th. CIBC downgraded Imperial Oil from a “neutral” rating to an “underperform” rating and raised their price target for the stock from C$108.00 to C$110.00 in a research note on Wednesday, October 15th. JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$101.00 to C$110.00 in a research note on Thursday, October 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. Finally, Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Six analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Imperial Oil has a consensus rating of “Reduce” and an average price target of C$113.90.

Imperial Oil Stock Performance

The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The stock has a fifty day moving average price of C$128.42 and a 200-day moving average price of C$124.05. The firm has a market cap of C$68.01 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.21 and a beta of 0.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, October 31st. The company reported C$2.17 earnings per share for the quarter. The firm had revenue of C$11.99 billion during the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. On average, analysts expect that Imperial Oil Limited will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, January 1st were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 3rd. Imperial Oil’s payout ratio is 35.25%.

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.