BidaskClub downgraded shares of Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) from a buy rating to a hold rating in a research report report published on Saturday.

IMO has been the topic of several other research reports. AltaCorp Capital cut shares of Imperial Oil from a sector perform rating to an underperform rating in a research report on Wednesday, August 23rd. J P Morgan Chase & Co cut shares of Imperial Oil from a neutral rating to an underweight rating and set a $38.00 price target on the stock. in a research report on Thursday, September 14th. National Bank Financial initiated coverage on shares of Imperial Oil in a research report on Tuesday, June 27th. They issued a sector perform rating on the stock. Raymond James Financial, Inc. cut shares of Imperial Oil from an outperform rating to a market perform rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research cut shares of Imperial Oil from a hold rating to a sell rating in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $46.83.

Imperial Oil (IMO) traded down 0.48% during mid-day trading on Friday, reaching $31.33. 163,537 shares of the company were exchanged. The stock has a market capitalization of $26.45 billion, a price-to-earnings ratio of 11.97 and a beta of 1.14. Imperial Oil has a one year low of $27.59 and a one year high of $36.85. The stock has a 50 day moving average of $30.67 and a 200-day moving average of $29.64.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, July 28th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.30). The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $8.40 billion. Imperial Oil had a negative net margin of 1.10% and a negative return on equity of 1.23%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) EPS. On average, equities analysts expect that Imperial Oil will post $0.93 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 1st were paid a dividend of $0.1279 per share. This represents a $0.51 annualized dividend and a yield of 1.63%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, August 30th. Imperial Oil’s payout ratio is presently 170.37%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Imperial Oil during the first quarter worth $129,000. Pacad Investment Ltd. boosted its stake in Imperial Oil by 46.9% during the second quarter. Pacad Investment Ltd. now owns 7,200 shares of the energy company’s stock worth $210,000 after buying an additional 2,300 shares during the period. Nexus Investment Management Inc. purchased a new position in Imperial Oil during the second quarter worth $227,000. Ameriprise Financial Inc. boosted its stake in Imperial Oil by 12.3% during the second quarter. Ameriprise Financial Inc. now owns 8,222 shares of the energy company’s stock worth $241,000 after buying an additional 900 shares during the period. Finally, Virtu KCG Holdings LLC boosted its stake in Imperial Oil by 9.7% during the second quarter. Virtu KCG Holdings LLC now owns 9,207 shares of the energy company’s stock worth $268,000 after buying an additional 817 shares during the period.

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.

Analyst Recommendations for Imperial Oil (NYSEMKT:IMO)

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