Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was upgraded by investment analysts at Tudor Pickering to a “hold” rating in a research note issued to investors on Monday, The Fly reports.

IMO has been the topic of several other research reports. Canaccord Genuity reissued a “hold” rating and issued a $45.00 target price on shares of Imperial Oil in a research note on Thursday, November 2nd. Barclays downgraded shares of Imperial Oil from an “overweight” rating to an “underweight” rating in a research note on Thursday, November 2nd. Morgan Stanley increased their target price on shares of Imperial Oil from $36.00 to $42.00 and gave the company an “underweight” rating in a research note on Friday, October 13th. Royal Bank of Canada reissued a “hold” rating and issued a $40.00 target price on shares of Imperial Oil in a research note on Monday, October 16th. Finally, BidaskClub downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Saturday, October 7th. Eight research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.25.

Shares of Imperial Oil (IMO) opened at $31.74 on Monday. Imperial Oil has a 12 month low of $27.59 and a 12 month high of $34.98. The firm has a market cap of $26,400.00, a price-to-earnings ratio of 16.28 and a beta of 0.88.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its earnings results on Friday, October 27th. The energy company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). Imperial Oil had a net margin of 5.19% and a return on equity of 5.95%. The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the prior year, the company posted $1.18 EPS.

A number of hedge funds have recently bought and sold shares of IMO. Artisan Partners Limited Partnership increased its stake in Imperial Oil by 21.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 25,962,913 shares of the energy company’s stock worth $829,398,000 after buying an additional 4,669,993 shares during the period. First Eagle Investment Management LLC increased its position in Imperial Oil by 30.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 12,113,231 shares of the energy company’s stock valued at $387,134,000 after purchasing an additional 2,793,989 shares during the period. Schroder Investment Management Group purchased a new position in Imperial Oil during the 3rd quarter valued at about $32,074,000. TD Asset Management Inc. increased its position in Imperial Oil by 7.3% during the 3rd quarter. TD Asset Management Inc. now owns 9,202,299 shares of the energy company’s stock valued at $293,295,000 after purchasing an additional 628,346 shares during the period. Finally, American Century Companies Inc. increased its position in Imperial Oil by 2.8% during the 3rd quarter. American Century Companies Inc. now owns 10,762,693 shares of the energy company’s stock valued at $343,819,000 after purchasing an additional 298,225 shares during the period.

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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.

The Fly

Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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