Imperial Oil Limited Short Interest Up 6.6% in August (IMO)
Shares of Imperial Oil Limited (NYSE:IMO) were the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 7,890,991 shares, a growth of 6.6% from the July 31st total of 7,403,643 shares, AnalystRatingsNetwork reports. Based on an average daily trading volume, of 210,821 shares, the short-interest ratio is presently 37.4 days. Currently, 3.1% of the company’s stock 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.00.
Imperial Oil Limited (NYSE:IMO) traded up 0.63% on Tuesday, hitting $52.52. The stock had a trading volume of 84,256 shares. Imperial Oil Limited has a 1-year low of $40.20 and a 1-year high of $54.09. The stock has a 50-day moving average of $51.78 and a 200-day moving average of $48.85. The company has a market cap of $44.537 billion and a P/E ratio of 12.53.
Imperial Oil Limited (NYSE:IMO) last posted its quarterly earnings results 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 $4.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Thursday, September 4th will be given a dividend of $0.1204 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Tuesday, September 2nd.
Imperial Oil Limited (NYSE:IMO) is an integrated oil company.
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