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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) crossed 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 traded.

Wall Street Analyst Weigh In

Several analysts have recently commented on IMO shares. National Bankshares raised their price target on Imperial Oil from C$125.00 to C$127.00 and gave the company a “sector perform” rating in a report on Friday, January 9th. Morgan Stanley increased their price objective on Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. Desjardins raised their target price on Imperial Oil from C$114.00 to C$120.00 and gave the company a “sell” rating in a report on Monday, November 24th. Royal Bank Of Canada lowered their price target on shares of Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 13th. Finally, BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$132.00 to C$129.00 in a report on Monday, December 15th. Six investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of C$113.90.

Imperial Oil Price Performance

The company 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. The company has a fifty day simple moving average of C$128.42 and a two-hundred day simple moving average of C$124.05. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, October 31st. The company reported C$2.17 earnings per share (EPS) for the quarter. The business 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, equities research analysts anticipate that Imperial Oil Limited will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

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

About Imperial Oil

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.