Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$35.14 and last traded at C$35.28, with a volume of 781828 shares. The stock had previously closed at C$35.50.
IMO has been the topic of a number of research reports. TD Securities lifted 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. AltaCorp Capital raised Imperial Oil from an “underperform” rating to a “sector perform” rating in a research note on Monday, January 15th. 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 lifted 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, Barclays reduced 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. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$41.40.
The company has a market cap of $29,260.00, a PE ratio of 60.69 and a beta of 0.47.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, February 2nd. The company reported C$0.52 earnings per share for the quarter, missing the Thomson Reuters’ 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. Stockholders of record on Friday, March 2nd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, March 1st. Imperial Oil’s dividend payout ratio is currently 106.90%.
In related news, Director David Wallace Cornhill bought 5,500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average price of C$39.78 per share, with a total value of C$218,790.00.
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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