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

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $99.50.

Several research analysts have issued reports on IMO shares. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Scotiabank dropped their target price on shares of Imperial Oil from $111.00 to $110.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Wolfe Research began coverage on Imperial Oil in a report on Thursday, July 18th. They set an “outperform” rating and a $108.00 price target for the company. Finally, Raymond James raised Imperial Oil to a “hold” rating in a research note on Tuesday, May 28th.

Imperial Oil Stock Performance

NYSEAMERICAN IMO opened at $68.00 on Friday. The firm has a market capitalization of $36.27 billion, a P/E ratio of 10.66 and a beta of 1.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.40 and a quick ratio of 1.16. Imperial Oil has a twelve month low of $52.97 and a twelve month high of $77.70.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings results on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.11. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $10.50 billion. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. Research analysts predict that Imperial Oil will post 6.29 EPS for the current year.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.4336 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 2.55%. Imperial Oil’s dividend payout ratio (DPR) is presently 27.59%.

Institutional Investors Weigh In On Imperial Oil

Hedge funds have recently added to or reduced their stakes in the company. RFP Financial Group LLC bought a new stake in shares of Imperial Oil during the second quarter worth about $25,000. Hexagon Capital Partners LLC raised its stake in shares of Imperial Oil by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Imperial Oil in the fourth quarter valued at approximately $44,000. Assetmark Inc. boosted its position in shares of Imperial Oil by 938.5% during the fourth quarter. Assetmark Inc. now owns 810 shares of the energy company’s stock valued at $46,000 after buying an additional 732 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Imperial Oil during the first quarter worth $46,000. Institutional investors and hedge funds 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.