Imperial Oil Limited (NYSEAMERICAN:IMO) Given Average Recommendation of “Reduce” by Brokerages

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) has earned an average rating of “Reduce” from the eleven brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $116.00.

IMO has been the topic of a number of research analyst reports. Imperial Capital restated a “sell” rating on shares of Imperial Oil in a research note on Tuesday, June 23rd. Zacks Research raised shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Desjardins upgraded shares of Imperial Oil to a “hold” rating in a report on Thursday. Scotiabank reissued a “sector perform” rating on shares of Imperial Oil in a research report on Friday. Finally, TD Securities reissued a “sell” rating on shares of Imperial Oil in a research report on Wednesday, May 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IMO. Root Financial Partners LLC boosted its holdings in shares of Imperial Oil by 87.8% during the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock worth $25,000 after acquiring an additional 137 shares during the period. McMillan Office Inc. bought a new position in shares of Imperial Oil during the fourth quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Imperial Oil by 737.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock worth $46,000 after purchasing an additional 450 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Imperial Oil by 23.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock worth $46,000 after purchasing an additional 101 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Imperial Oil during the 3rd quarter worth approximately $54,000. 20.74% of the stock is owned by institutional investors.

Imperial Oil Price Performance

NYSEAMERICAN:IMO opened at $122.52 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $122.01 and its two-hundred day moving average price is $117.92. The firm has a market capitalization of $59.25 billion, a price-to-earnings ratio of 28.90 and a beta of 0.45. Imperial Oil has a 12-month low of $81.66 and a 12-month high of $139.44.

Imperial Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 4th were paid a $0.87 dividend. The ex-dividend date was Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Imperial Oil’s dividend payout ratio is 38.24%.

About Imperial Oil

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.