Imperial Oil Limited (IMO) Stock Rating Upgraded by FirstEnergy Capital
Imperial Oil Limited (TSE:IMO) was upgraded by FirstEnergy Capital from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday.
IMO has been the topic of several other research reports. JPMorgan Chase & Co. raised their target price on Imperial Oil Limited from C$43.00 to C$45.00 in a research report on Monday, September 12th. Raymond James Financial Inc. set a C$51.00 price objective on Imperial Oil Limited in a research report on Monday, June 6th. CSFB lifted their price objective on Imperial Oil Limited from C$46.00 to C$48.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 23rd. TD Securities reduced their price objective on Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Finally, Morgan Stanley lifted their price objective on Imperial Oil Limited from C$34.00 to C$46.00 in a research report on Monday, June 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$45.31.
Imperial Oil Limited (TSE:IMO) opened at 41.55 on Wednesday. The stock’s 50 day moving average price is $40.22 and its 200-day moving average price is $41.00. Imperial Oil Limited has a 52-week low of $37.25 and a 52-week high of $46.27. The company has a market cap of $35.22 billion and a P/E ratio of 118.71.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.44%.
About Imperial Oil Limited
Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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