Imperial Oil (NYSEAMERICAN:IMO) Sets New 52-Week High at $52.26

Imperial Oil Limited (NYSEAMERICAN:IMOGet Rating) (TSE:IMO)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $52.26 and last traded at $52.23, with a volume of 8080 shares trading hands. The stock had previously closed at $51.64.

A number of equities research analysts recently commented on the company. Zacks Investment Research cut Imperial Oil from a “buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research note on Monday, January 3rd. TD Securities raised their price target on Imperial Oil from C$52.00 to C$58.00 in a research note on Thursday, February 24th. Credit Suisse Group increased their price objective on Imperial Oil from $51.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, March 8th. The Goldman Sachs Group upgraded shares of Imperial Oil from a “neutral” rating to a “buy” rating in a report on Friday, February 11th. Finally, Raymond James increased their price target on shares of Imperial Oil from C$55.00 to C$57.00 in a research note on Wednesday, March 2nd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $54.00.

The stock has a market capitalization of $32.24 billion, a PE ratio of 74.12, a P/E/G ratio of 0.31 and a beta of 1.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.09 and a current ratio of 1.32.

Imperial Oil (NYSEAMERICAN:IMOGet Rating) (TSE:IMO) last issued its earnings results on Tuesday, February 1st. The energy company reported $0.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.13). Imperial Oil had a net margin of 1.81% and a return on equity of 8.06%. The business had revenue of $12.31 billion during the quarter, compared to analyst estimates of $10.82 billion. During the same period in the prior year, the business posted ($1.56) EPS. The company’s revenue for the quarter was up 104.1% compared to the same quarter last year. Equities research analysts expect that Imperial Oil Limited will post 2.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Thursday, March 3rd were given a $0.2673 dividend. The ex-dividend date was Wednesday, March 2nd. This is an increase from Imperial Oil’s previous quarterly dividend of $0.22. This represents a $1.07 annualized dividend and a yield of 2.22%. Imperial Oil’s dividend payout ratio (DPR) is currently 164.62%.

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Imperial Oil during the 4th quarter worth approximately $25,000. AlphaCentric Advisors LLC acquired a new stake in Imperial Oil in the fourth quarter worth $69,000. Rempart Asset Management Inc. acquired a new stake in Imperial Oil in the first quarter valued at approximately $220,000. Advisor Group Holdings Inc. increased its holdings in shares of Imperial Oil by 494.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,822 shares of the energy company’s stock valued at $174,000 after acquiring an additional 4,011 shares in the last quarter. Finally, Wealth Architects LLC acquired a new position in shares of Imperial Oil during the fourth quarter worth approximately $226,000. 20.97% of the stock is currently owned by institutional investors.

Imperial Oil Company Profile (NYSEAMERICAN:IMO)

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 for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.

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