Imperial Oil Limited (NYSEAMERICAN:IMO) Receives $115.00 Average PT from Analysts

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have earned a consensus recommendation of “Reduce” from the eleven analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $115.00.

A number of research firms recently weighed in on IMO. Cibc World Mkts downgraded shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Zacks Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research note on Tuesday, November 4th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Imperial Oil in a research note on Wednesday, November 5th. Finally, BMO Capital Markets lowered Imperial Oil from an “outperform” rating to a “market perform” rating in a research report on Monday, December 15th.

Hedge Funds Weigh In On Imperial Oil

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in shares of Imperial Oil in the 2nd quarter valued at $28,000. MAI Capital Management lifted its holdings in Imperial Oil by 2,275.0% during the second quarter. MAI Capital Management now owns 380 shares of the energy company’s stock worth $30,000 after acquiring an additional 364 shares in the last quarter. Westside Investment Management Inc. grew its stake in Imperial Oil by 100.0% in the third quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after acquiring an additional 213 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Imperial Oil by 64.8% in the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock worth $40,000 after acquiring an additional 169 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Imperial Oil by 737.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock worth $46,000 after purchasing an additional 450 shares during the period. 20.74% of the stock is owned by institutional investors.

Imperial Oil Stock Performance

IMO stock opened at $85.95 on Friday. The company has a 50 day moving average price of $92.09 and a 200 day moving average price of $88.07. The stock has a market capitalization of $41.83 billion, a PE ratio of 15.49 and a beta of 0.70. Imperial Oil has a fifty-two week low of $58.76 and a fifty-two week high of $101.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.17.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.72 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 3.4%. Imperial Oil’s payout ratio is currently 31.26%.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.