Imperial Oil Limited (NYSEAMERICAN:IMO) Given Average Recommendation of “Hold” by Analysts

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have earned an average rating of “Hold” from the six research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $99.50.

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

Imperial Oil Stock Down 0.7 %

IMO opened at $76.98 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.40 and a debt-to-equity ratio of 0.17. Imperial Oil has a 12 month low of $52.97 and a 12 month high of $80.17. The company has a market capitalization of $40.68 billion, a P/E ratio of 10.90 and a beta of 1.44.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its earnings results on Friday, August 2nd. The energy company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.43 by $0.11. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. The business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $10.50 billion. As a group, equities analysts forecast that Imperial Oil will post 6.2 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Wednesday, September 4th were given a dividend of $0.4336 per share. This represents a $1.73 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Wednesday, September 4th. Imperial Oil’s payout ratio is 25.21%.

Institutional Trading of Imperial Oil

Several large investors have recently added to or reduced their stakes in IMO. Mercer Global Advisors Inc. ADV raised its position in shares of Imperial Oil by 5.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,266 shares of the energy company’s stock worth $223,000 after acquiring an additional 158 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Imperial Oil by 5.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,308 shares of the energy company’s stock worth $237,000 after purchasing an additional 163 shares in the last quarter. CWM LLC lifted its position in Imperial Oil by 8.7% during the second quarter. CWM LLC now owns 2,319 shares of the energy company’s stock valued at $158,000 after buying an additional 185 shares during the period. OLD National Bancorp IN boosted its holdings in shares of Imperial Oil by 5.6% during the 2nd quarter. OLD National Bancorp IN now owns 3,831 shares of the energy company’s stock valued at $261,000 after buying an additional 204 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its position in shares of Imperial Oil by 84.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock worth $34,000 after buying an additional 225 shares during the period. Institutional investors own 20.74% of the company’s stock.

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.