Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$34.10 and last traded at C$34.63, with a volume of 376088 shares. The stock had previously closed at C$34.26.
Several brokerages recently issued reports on IMO. Barclays dropped their price objective on Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. TD Securities increased their price objective on Imperial Oil from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Thursday, November 2nd. Eight Capital set a C$39.00 price objective on Imperial Oil and gave the stock a “sell” rating in a research note on Thursday, January 11th. National Bank Financial increased their price objective on Imperial Oil from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada raised Imperial Oil from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from C$40.00 to C$41.00 in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Imperial Oil has a consensus rating of “Hold” and an average price target of C$41.40.
The company has a market cap of $28,480.00, a PE ratio of 59.60 and a beta of 0.47.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, February 2nd. The company reported C$0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.64 by C($0.12). The company had revenue of C$8.08 billion for the quarter, compared to the consensus estimate of C$7.19 billion. Imperial Oil had a net margin of 5.19% and a return on equity of 5.95%.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.64 annualized dividend and a yield of 1.87%. Imperial Oil’s dividend payout ratio (DPR) is presently 106.90%.
In related news, Director David Wallace Cornhill bought 5,500 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were acquired at an average price of C$39.78 per share, with a total value of C$218,790.00.
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About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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