Imperial Oil Limited (NYSEAMERICAN:IMO) Given Consensus Rating of “Hold” by Analysts

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) has been given an average rating of “Hold” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $99.50.

A number of equities research analysts have recently issued reports on IMO shares. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Scotiabank reissued a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. Finally, Wolfe Research initiated coverage on Imperial Oil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $108.00 target price on the stock.

Institutional Investors Weigh In On Imperial Oil

Institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Direct Indexing L.P. purchased a new stake in Imperial Oil during the third quarter valued at about $207,000. DekaBank Deutsche Girozentrale lifted its position in shares of Imperial Oil by 1.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 30,782 shares of the energy company’s stock valued at $2,162,000 after acquiring an additional 505 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Imperial Oil in the 3rd quarter worth approximately $543,000. Allworth Financial LP boosted its position in shares of Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after buying an additional 234 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in Imperial Oil during the 3rd quarter worth about $254,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Trading Up 1.3 %

IMO opened at $76.13 on Monday. Imperial Oil has a 52-week low of $52.97 and a 52-week high of $80.17. The company has a market cap of $40.23 billion, a price-to-earnings ratio of 10.85 and a beta of 1.44. The company has a quick ratio of 1.16, a current ratio of 1.40 and a debt-to-equity ratio of 0.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its 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. Imperial Oil had a net margin of 10.05% and a return on equity of 22.73%. The business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $10.50 billion. On average, research analysts expect that Imperial Oil will post 6.14 EPS for the current fiscal year.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Wednesday, September 4th were issued a $0.4336 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 2.28%. Imperial Oil’s payout ratio is currently 25.21%.

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.