Imperial Oil Limited (NYSEAMERICAN:IMO) Receives $116.00 Average PT from Analysts

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have been given a consensus recommendation of “Strong Sell” by the nine analysts that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $116.00.

Several equities analysts have recently issued reports on the stock. Scotiabank restated a “sector perform” rating on shares of Imperial Oil in a report on Friday, July 17th. Zacks Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Imperial Capital reissued a “sell” rating on shares of Imperial Oil in a research report on Tuesday, June 23rd. Desjardins raised shares of Imperial Oil to a “hold” rating in a report on Thursday, July 16th. Finally, TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, August 5th.

Institutional Trading of Imperial Oil

Large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its holdings in shares of Imperial Oil by 87.8% in the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after purchasing an additional 137 shares during the period. McMillan Office Inc. acquired a new stake in shares of Imperial Oil during the fourth quarter worth about $26,000. Northwestern Mutual Wealth Management Co. boosted its position in Imperial Oil by 737.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after buying an additional 450 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Imperial Oil by 23.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock worth $46,000 after buying an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in Imperial Oil in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Down 2.5%

Shares of IMO stock opened at $128.62 on Thursday. The stock’s fifty day moving average price is $126.44 and its 200 day moving average price is $125.13. Imperial Oil has a 1-year low of $83.27 and a 1-year high of $139.44. The company has a market cap of $61.94 billion, a price-to-earnings ratio of 20.86 and a beta of 0.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.19.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings results on Friday, July 31st. The energy company reported $4.52 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $1.53. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.92 billion. Imperial Oil had a return on equity of 22.28% and a net margin of 8.03%.The firm’s revenue was up 43.0% compared to the same quarter last year. During the same period last year, the business posted $1.86 earnings per share. On average, research analysts expect that Imperial Oil will post 11.19 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be paid a $0.87 dividend. The ex-dividend date is Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.7%. Imperial Oil’s dividend payout ratio (DPR) is 38.24%.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.