Imperial Oil (TSE:IMO) Stock Passes Above 200-Day Moving Average of $83.14

Imperial Oil Limited (TSE:IMO) (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 traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IMO. BMO Capital Markets boosted their price objective on Imperial Oil from C$95.00 to C$115.00 in a research report on Thursday, March 28th. TD Securities raised their price objective 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 upped 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. JPMorgan Chase & Co. dropped their price target on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. Finally, National Bankshares upped their price objective on Imperial Oil from C$90.00 to C$120.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$96.31.

Imperial Oil Stock Performance

The stock has a market capitalization of C$51.27 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.21 and a beta of 1.84. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 18.65. The stock has a 50 day simple moving average of C$93.20 and a two-hundred day simple moving average of C$83.14.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, May 31st. Imperial Oil’s dividend payout ratio (DPR) is currently 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.