Imperial Oil (TSE:IMO) Sets New 52-Week High – Should You Buy?

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) reached a new 52-week high on Tuesday . The stock traded as high as C$142.00 and last traded at C$140.39, with a volume of 294540 shares traded. The stock had previously closed at C$139.16.

Analyst Ratings Changes

Several equities analysts recently commented on IMO shares. Desjardins upped their price target on shares of Imperial Oil from C$114.00 to C$120.00 and gave the company a “sell” rating in a research note on Monday, November 24th. National Bankshares increased their target price on shares of Imperial Oil from C$125.00 to C$127.00 and gave the stock a “sector perform” rating in a research report on Friday, January 9th. TD Securities dropped their price target on shares of Imperial Oil from C$107.00 to C$106.00 in a research report on Tuesday, December 16th. Cibc World Mkts lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley upped their target price on Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. Six investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of C$113.90.

Imperial Oil Price Performance

The business has a fifty day moving average price of C$128.42 and a 200 day moving average price of C$124.66. The company has a market cap of C$69.59 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 0.21 and a beta of 0.89. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, October 31st. The company reported C$2.17 EPS for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%.The firm had revenue of C$11.99 billion during the quarter. As a group, research analysts anticipate that Imperial Oil Limited will post 8.6164609 earnings per share for the current year.

Imperial Oil Cuts Dividend

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

Imperial Oil Company Profile

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.