Imperial Oil (NYSEAMERICAN:IMO) Stock Rating Upgraded by Raymond James

Raymond James upgraded shares of Imperial Oil (NYSEAMERICAN:IMOFree Report) (TSE:IMO) to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

Separately, StockNews.com raised shares of Imperial Oil from a hold rating to a buy rating in a research note on Sunday, May 5th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Imperial Oil has an average rating of Hold and a consensus price target of $85.33.

View Our Latest Stock Report on IMO

Imperial Oil Price Performance

NYSEAMERICAN:IMO opened at $69.34 on Tuesday. Imperial Oil has a 52-week low of $44.98 and a 52-week high of $74.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.04. The stock has a market cap of $37.16 billion, a price-to-earnings ratio of 10.87 and a beta of 1.46.

Imperial Oil (NYSEAMERICAN:IMOGet Free Report) (TSE:IMO) last released its earnings results on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.10. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. As a group, equities analysts predict that Imperial Oil will post 6.27 earnings per share for the current year.

Imperial Oil Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.4377 per share. This represents a $1.75 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, June 3rd. Imperial Oil’s dividend payout ratio is currently 27.74%.

Hedge Funds Weigh In On Imperial Oil

Several hedge funds have recently added to or reduced their stakes in IMO. AdvisorNet Financial Inc grew its position in Imperial Oil by 52.6% in the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock valued at $30,000 after acquiring an additional 180 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Imperial Oil by 84.0% in 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 in the last quarter. Sigma Planning Corp increased its position in shares of Imperial Oil by 3.0% during the third quarter. Sigma Planning Corp now owns 8,450 shares of the energy company’s stock worth $520,000 after acquiring an additional 246 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Imperial Oil by 3.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,313 shares of the energy company’s stock valued at $635,000 after acquiring an additional 324 shares in the last quarter. Finally, Clarius Group LLC boosted its holdings in shares of Imperial Oil by 6.0% in the fourth quarter. Clarius Group LLC now owns 7,104 shares of the energy company’s stock valued at $406,000 after purchasing an additional 402 shares during the period. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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