Imperial Oil Limited (IMO) Upgraded to “Outperform” at Raymond James Financial Inc.
Imperial Oil Limited (TSE:IMO) was upgraded by analysts at Raymond James Financial Inc. from a “market perform” rating to an “outperform” rating in a report issued on Thursday.
A number of other analysts also recently weighed in on IMO. Royal Bank Of Canada restated a “sector perform” rating and issued a C$47.00 target price on shares of Imperial Oil Limited in a report on Thursday. CSFB boosted their target price on shares of Imperial Oil Limited from C$46.00 to C$48.00 and gave the stock a “neutral” rating in a report on Tuesday, August 23rd. Morgan Stanley boosted their target price on shares of Imperial Oil Limited from C$34.00 to C$46.00 in a report on Monday, June 13th. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil Limited from C$43.00 to C$45.00 in a report on Monday, September 12th. Finally, TD Securities cut their price target on shares of Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$45.31.
Imperial Oil Limited (TSE:IMO) traded up 2.68% on Thursday, hitting $40.28. The stock had a trading volume of 961,678 shares. The stock has a market capitalization of $34.14 billion and a price-to-earnings ratio of 115.09. The company has a 50-day moving average price of $40.22 and a 200-day moving average price of $41.15. Imperial Oil Limited has a 52 week low of $37.25 and a 52 week high of $46.27.
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The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.60 annualized dividend and a yield of 1.53%.
About Imperial Oil Limited
Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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