Short Interest in Imperial Oil Limited Rises By 4.6% (IMO)
Imperial Oil Limited (NYSE:IMO) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 7,403,643 shares, a growth of 4.6% from the July 15th total of 7,080,529 shares, Stock Ratings Network.com reports. Based on an average daily trading volume, of 160,979 shares, the days-to-cover ratio is presently 46.0 days. Currently, 2.9% of the company’s shares are sold short.
Separately, analysts at Canaccord Genuity downgraded shares of Imperial Oil Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 22nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $53.00.
Imperial Oil Limited (NYSE:IMO) traded down 0.04% during mid-day trading on Monday, hitting $49.39. The stock had a trading volume of 287,253 shares. Imperial Oil Limited has a 52-week low of $40.19 and a 52-week high of $54.09. The stock has a 50-day moving average of $52.35 and a 200-day moving average of $48.08. The company has a market cap of $41.863 billion and a P/E ratio of 11.85.
Imperial Oil Limited (NYSE:IMO) last released its earnings data on Thursday, July 31st. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.29. Analysts expect that Imperial Oil Limited will post $4.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.1204 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Tuesday, September 2nd.
Imperial Oil Limited (NYSE:IMO) is an integrated oil company.
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