Imperial Oil (NYSEAMERICAN:IMO) Upgraded by Wolfe Research to “Outperform” Rating

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

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $101.00 target price on shares of Imperial Oil in a research report on Thursday, April 3rd. Scotiabank upgraded Imperial Oil to a “hold” rating in a report on Wednesday, March 19th. Raymond James raised Imperial Oil from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group lowered Imperial Oil from a “neutral” rating to a “sell” rating in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Imperial Oil presently has an average rating of “Hold” and a consensus target price of $106.33.

Imperial Oil Price Performance

Imperial Oil stock opened at $63.70 on Monday. The stock has a 50-day moving average price of $67.83 and a two-hundred day moving average price of $69.82. Imperial Oil has a 12 month low of $58.76 and a 12 month high of $80.17. The company has a market capitalization of $32.43 billion, a PE ratio of 9.67 and a beta of 1.44. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Imperial Oil

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Winch Advisory Services LLC bought a new position in shares of Imperial Oil in the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Imperial Oil in the fourth quarter valued at $41,000. Group One Trading LLC grew its holdings in shares of Imperial Oil by 29.7% during the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company’s stock valued at $47,000 after buying an additional 173 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Imperial Oil by 104.0% during the first quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company’s stock worth $92,000 after acquiring an additional 650 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock valued at $100,000 after acquiring an additional 283 shares in the last quarter. 20.74% of the stock is 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.