Imperial Oil Limited (NYSEAMERICAN:IMO) Receives Consensus Rating of “Hold” from Analysts

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have received a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $99.50.

Several equities analysts have recently issued reports on IMO shares. StockNews.com lowered Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Wolfe Research assumed coverage on Imperial Oil in a research note on Thursday, July 18th. They set an “outperform” rating and a $108.00 price objective on the stock. Finally, Scotiabank restated a “sector perform” rating and set a $110.00 target price on shares of Imperial Oil in a report on Wednesday, September 25th.

Institutional Trading of Imperial Oil

Institutional investors and hedge funds have recently bought and sold shares of the business. RFP Financial Group LLC bought a new position in Imperial Oil during the 2nd quarter worth $25,000. Hexagon Capital Partners LLC grew its stake in shares of Imperial Oil by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. Grove Bank & Trust increased its position in Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after acquiring an additional 438 shares during the period. Headlands Technologies LLC acquired a new stake in Imperial Oil in the 1st quarter worth about $46,000. Finally, Allworth Financial LP boosted its holdings in Imperial Oil by 21.0% in the 3rd quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after purchasing an additional 234 shares during the period. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN IMO opened at $76.13 on Monday. Imperial Oil has a fifty-two week low of $52.97 and a fifty-two week high of $80.17. The company has a market capitalization of $40.23 billion, a P/E ratio of 10.78 and a beta of 1.44. The company has a current ratio of 1.40, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings results on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.11. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. The company had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.50 billion. On average, research analysts anticipate that Imperial Oil will post 6.14 EPS for the current year.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th were issued a $0.4336 dividend. This represents a $1.73 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, September 4th. Imperial Oil’s payout ratio is presently 25.21%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.