Imperial Oil Limited (NYSEAMERICAN:IMO) Receives $85.33 Average PT from Analysts

Shares of Imperial Oil Limited (NYSEAMERICAN:IMOGet Free Report) (TSE:IMO) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $85.33.

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Raymond James upgraded shares of Imperial Oil to a “hold” rating in a report on Tuesday, May 28th.

Read Our Latest Stock Analysis on IMO

Institutional Trading of Imperial Oil

Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Imperial Oil by 95.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 6,597,474 shares of the energy company’s stock valued at $376,421,000 after purchasing an additional 3,225,957 shares during the period. TD Asset Management Inc lifted its stake in shares of Imperial Oil by 201.0% in the first quarter. TD Asset Management Inc now owns 3,384,060 shares of the energy company’s stock valued at $233,640,000 after purchasing an additional 2,259,766 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Imperial Oil by 27.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,737,291 shares of the energy company’s stock valued at $168,591,000 after purchasing an additional 589,017 shares during the period. Capital World Investors lifted its stake in shares of Imperial Oil by 134.0% in the first quarter. Capital World Investors now owns 747,929 shares of the energy company’s stock valued at $51,588,000 after purchasing an additional 428,252 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in shares of Imperial Oil by 1.4% in the fourth quarter. First Eagle Investment Management LLC now owns 22,495,313 shares of the energy company’s stock valued at $1,281,608,000 after purchasing an additional 316,009 shares during the period. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Performance

Shares of IMO stock opened at $68.75 on Tuesday. The company has a market capitalization of $36.84 billion, a PE ratio of 10.78 and a beta of 1.45. Imperial Oil has a one year low of $48.20 and a one year high of $74.58. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.10. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $11.61 billion. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. On average, research analysts forecast that Imperial Oil will post 6.29 earnings per share for the current year.

Imperial Oil Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.4377 dividend. This represents a $1.75 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, June 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 27.59%.

About Imperial Oil

(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.

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Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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