Imperial Oil (NYSEAMERICAN:IMO) Rating Lowered to Peer Perform at Wolfe Research

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report issued on Friday, MarketBeat reports.

Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Scotiabank reaffirmed a “sector perform” rating and set a $110.00 target price on shares of Imperial Oil in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $109.00.

Imperial Oil Stock Performance

Shares of IMO opened at $62.41 on Friday. Imperial Oil has a 12-month low of $54.58 and a 12-month high of $80.17. The stock has a market cap of $31.99 billion, a P/E ratio of 9.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in Imperial Oil in the 3rd quarter worth $28,000. Grove Bank & Trust boosted its holdings in shares of 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 purchasing an additional 438 shares during the period. Allworth Financial LP grew its stake in shares of Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after purchasing an additional 234 shares during the last quarter. Oakworth Capital Inc. purchased a new position in Imperial Oil during the 3rd quarter valued at about $101,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Imperial Oil during the 3rd quarter valued at approximately $137,000. 20.74% of the stock is currently owned by institutional investors.

About Imperial Oil

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.