Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$34.14 and last traded at C$34.25, with a volume of 387685 shares trading hands. The stock had previously closed at C$34.40.

IMO has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating for the company in a research note on Thursday, November 2nd. TD Securities boosted their price objective on shares of Imperial Oil from C$42.00 to C$43.00 and gave the company a “hold” rating in a research note on Thursday, November 2nd. National Bank Financial lifted their target price on shares of Imperial Oil from C$39.00 to C$41.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 9th. Eight Capital set a C$39.00 target price on shares of Imperial Oil and gave the company a “sell” rating in a research report on Thursday, January 11th. Finally, AltaCorp Capital upgraded shares of Imperial Oil from an “underperform” rating to a “sector perform” rating in a research report on Monday, January 15th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Imperial Oil currently has an average rating of “Hold” and an average price target of C$41.40.

The company has a market cap of $28,590.00, a PE ratio of 59.16 and a beta of 0.47.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, February 2nd. The company reported C$0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.64 by C($0.12). The business had revenue of C$8.08 billion during the quarter, compared to the consensus estimate of C$7.19 billion. Imperial Oil had a return on equity of 5.95% and a net margin of 5.19%.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 2nd will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.85%. Imperial Oil’s payout ratio is 106.90%.

In other Imperial Oil news, Director David Wallace Cornhill acquired 5,500 shares of the stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of C$39.78 per share, for a total transaction of C$218,790.00.

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Imperial Oil Company Profile

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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