Raymond James reaffirmed their sell rating on shares of Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) in a research report released on Monday, AnalystRatings.com reports.
A number of other equities analysts also recently issued reports on IMO. Citigroup downgraded Imperial Oil from a neutral rating to a sell rating in a research note on Monday, October 7th. Zacks Investment Research downgraded Imperial Oil from a hold rating to a strong sell rating and set a $27.00 target price for the company. in a research note on Wednesday, August 7th. TheStreet downgraded Imperial Oil from a b- rating to a c+ rating in a research note on Friday, August 23rd. Goldman Sachs Group downgraded Imperial Oil from a buy rating to a neutral rating and increased their target price for the stock from $37.00 to $39.00 in a research note on Thursday, September 26th. Finally, Royal Bank of Canada set a $37.00 target price on Imperial Oil and gave the stock a hold rating in a research note on Friday, October 18th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $37.63.
Imperial Oil stock opened at $26.39 on Monday. Imperial Oil has a twelve month low of $23.66 and a twelve month high of $32.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its stake in Imperial Oil by 125.4% in the 3rd quarter. Lindbrook Capital LLC now owns 1,084 shares of the energy company’s stock valued at $28,000 after purchasing an additional 603 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in Imperial Oil in the 2nd quarter valued at approximately $55,000. Van ECK Associates Corp increased its stake in Imperial Oil by 32.2% in the 2nd quarter. Van ECK Associates Corp now owns 2,170 shares of the energy company’s stock valued at $60,000 after purchasing an additional 528 shares in the last quarter. Signaturefd LLC increased its stake in Imperial Oil by 130.4% in the 3rd quarter. Signaturefd LLC now owns 3,170 shares of the energy company’s stock valued at $83,000 after purchasing an additional 1,794 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in Imperial Oil by 10.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,590 shares of the energy company’s stock valued at $122,000 after purchasing an additional 442 shares in the last quarter.
Imperial Oil Company Profile
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.
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