Imperial Oil (IMO) Getting Neutral Press Coverage, Study Shows

News coverage about Imperial Oil (TSE:IMO) (NYSEMKT:IMO) has trended neutral this week, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Imperial Oil earned a news sentiment score of 0.50 on their scale. InfoTrie also assigned media stories about the company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the near future.

Several analysts recently weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a C$48.00 target price on shares of Imperial Oil in a report on Thursday, November 8th. TD Securities lifted their target price on shares of Imperial Oil from C$46.00 to C$47.00 in a report on Thursday, November 8th. Barclays upgraded shares of Imperial Oil from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from C$52.00 to C$54.00 in a report on Monday, November 12th. CIBC lifted their target price on shares of Imperial Oil from C$39.00 to C$41.00 in a report on Thursday, November 8th. Finally, Morgan Stanley dropped their target price on shares of Imperial Oil from C$52.00 to C$51.00 in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Imperial Oil presently has an average rating of “Hold” and an average target price of C$47.47.

Shares of TSE:IMO traded down C$0.78 during trading on Friday, hitting C$39.58. The company’s stock had a trading volume of 735,990 shares, compared to its average volume of 1,035,092. The company has a debt-to-equity ratio of 21.64, a quick ratio of 0.81 and a current ratio of 1.20. Imperial Oil has a fifty-two week low of C$33.43 and a fifty-two week high of C$44.91.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Monday, December 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, November 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.92%. Imperial Oil’s payout ratio is currently 43.42%.

In related news, insider Jonathan Wetmore sold 614 shares of the business’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of C$42.55, for a total transaction of C$26,125.70.

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About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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