Imperial Oil (TSE:IMO) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Imperial Oil Limited (TSE:IMOGet Free Report) (NYSEMKT:IMO) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$98.35 and traded as low as C$95.43. Imperial Oil shares last traded at C$95.83, with a volume of 1,798,370 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IMO shares. Wolfe Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, January 3rd. Scotiabank lowered Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a research report on Wednesday, September 25th. TD Securities boosted their price objective on Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a report on Friday, December 13th. National Bankshares lowered their target price on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Finally, BMO Capital Markets increased their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$103.90.

Read Our Latest Stock Report on Imperial Oil

Imperial Oil Price Performance

The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The company has a market capitalization of C$52.40 billion, a PE ratio of 10.25, a P/E/G ratio of 0.21 and a beta of 1.78. The stock has a fifty day simple moving average of C$98.08 and a 200-day simple moving average of C$98.36.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.45%. Imperial Oil’s payout ratio is currently 25.16%.

Insider Activity

In other news, Director Bradley William Corson bought 4,800 shares of Imperial Oil stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of C$97.44 per share, with a total value of C$467,713.92. Company insiders own 71.26% of the company’s stock.

Imperial Oil Company Profile

(Get Free Report)

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.

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