Imperial Oil Limited (NYSEAMERICAN:IMO) Receives Average Rating of “Hold” from Brokerages

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have been given an average rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $106.33.

IMO has been the topic of several analyst reports. The Goldman Sachs Group cut Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Wolfe Research upgraded shares of Imperial Oil from a “peer perform” rating to an “outperform” rating in a research note on Monday, April 21st. Raymond James upgraded shares of Imperial Oil from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 9th. Scotiabank upgraded Imperial Oil to a “hold” rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $101.00 target price on shares of Imperial Oil in a research report on Thursday, April 3rd.

Imperial Oil Stock Performance

NYSEAMERICAN IMO opened at $68.92 on Monday. The firm has a market cap of $35.08 billion, a P/E ratio of 10.46 and a beta of 1.44. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $67.76 and its 200-day moving average is $69.76. Imperial Oil has a 12-month low of $58.76 and a 12-month high of $80.17.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th were paid a $0.4972 dividend. This represents a $1.99 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s dividend payout ratio is currently 25.80%.

Institutional Investors Weigh In On Imperial Oil

Hedge funds have recently added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new position in shares of Imperial Oil during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Imperial Oil in the 4th quarter worth approximately $41,000. Group One Trading LLC boosted its stake in shares of Imperial Oil by 29.7% in the 4th quarter. Group One Trading LLC now owns 755 shares of the energy company’s stock valued at $47,000 after purchasing an additional 173 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Imperial Oil during the 1st quarter valued at $71,000. Finally, AdvisorNet Financial Inc raised its position in Imperial Oil by 104.0% in the 1st quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company’s stock worth $92,000 after purchasing an additional 650 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.