Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 8,860,710 shares, an increase of 9.5% from the November 15th total of 8,093,867 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 140,128 shares, the short-interest ratio is presently 63.2 days.

Imperial Oil (IMO) traded down $0.17 during trading on Monday, reaching $30.56. 173,399 shares of the company were exchanged, compared to its average volume of 240,652. Imperial Oil has a twelve month low of $27.59 and a twelve month high of $36.85.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, November 30th. Imperial Oil’s dividend payout ratio (DPR) is presently 26.32%.

IMO has been the topic of several research reports. BidaskClub raised shares of Imperial Oil from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Canaccord Genuity reissued a “hold” rating and issued a $45.00 price target on shares of Imperial Oil in a research report on Thursday, November 2nd. Barclays lowered shares of Imperial Oil from an “overweight” rating to an “underweight” rating in a research report on Thursday, November 2nd. Morgan Stanley boosted their price target on shares of Imperial Oil from $36.00 to $42.00 and gave the company an “underweight” rating in a research report on Friday, October 13th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $40.00 price target on shares of Imperial Oil in a research report on Monday, October 16th. Eight analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Imperial Oil presently has an average rating of “Hold” and a consensus price target of $41.25.

Institutional investors have recently bought and sold shares of the stock. Roberts Glore & Co. Inc. IL bought a new stake in Imperial Oil during the 3rd quarter worth approximately $202,000. Pacad Investment Ltd. grew its stake in Imperial Oil by 46.9% in the 2nd 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 in the last quarter. Rathbone Brothers plc purchased a new position in Imperial Oil in the 3rd quarter worth approximately $214,000. Ameriprise Financial Inc. grew its stake in Imperial Oil by 12.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,222 shares of the energy company’s stock worth $241,000 after buying an additional 900 shares in the last quarter. Finally, Virtu KCG Holdings LLC grew its stake in Imperial Oil by 9.7% in the 2nd 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 in the last quarter.

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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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