Brokerages Set Imperial Oil Limited (NYSEAMERICAN:IMO) Target Price at $85.33

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have been assigned an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $85.33.

Separately, StockNews.com upgraded Imperial Oil from a “hold” rating to a “buy” rating in a report on Sunday.

Imperial Oil Stock Down 0.0 %

Shares of Imperial Oil stock opened at $68.05 on Monday. The company has a market cap of $36.46 billion, a P/E ratio of 10.67 and a beta of 1.47. Imperial Oil has a 1 year low of $44.46 and a 1 year high of $74.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 1.34.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its earnings results on Friday, April 26th. The energy company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.10. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. As a group, analysts predict that Imperial Oil will post 6.07 earnings per share for the current year.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.4377 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.75 dividend on an annualized basis and a yield of 2.57%. Imperial Oil’s dividend payout ratio is presently 27.74%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Hexagon Capital Partners LLC increased its holdings in Imperial Oil by 84.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock worth $34,000 after acquiring an additional 225 shares during the period. AdvisorNet Financial Inc raised its position in shares of Imperial Oil by 52.6% in the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock worth $30,000 after buying an additional 180 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Imperial Oil during the fourth quarter valued at $44,000. Assetmark Inc. grew its position in Imperial Oil by 938.5% during the fourth quarter. Assetmark Inc. now owns 810 shares of the energy company’s stock worth $46,000 after buying an additional 732 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Imperial Oil by 176.6% in the third quarter. Allworth Financial LP now owns 888 shares of the energy company’s stock worth $55,000 after purchasing an additional 567 shares during the last quarter. 20.74% of the stock is currently owned by hedge funds and other 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.