Imperial Oil Limited (NYSEAMERICAN:IMO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have earned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $99.50.

A number of 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 report on Wednesday, August 28th. Raymond James upgraded shares of Imperial Oil to a “hold” rating in a research report on Tuesday, May 28th. Wolfe Research began coverage on shares of Imperial Oil in a report on Thursday, July 18th. They set an “outperform” rating and a $108.00 price target on the stock. Finally, Scotiabank dropped their price target on shares of Imperial Oil from $111.00 to $110.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th.

Imperial Oil Stock Down 1.7 %

Imperial Oil stock opened at $69.80 on Friday. Imperial Oil has a 52 week low of $52.97 and a 52 week high of $77.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.40 and a quick ratio of 1.16. The company has a market capitalization of $37.23 billion, a P/E ratio of 10.94 and a beta of 1.47.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly 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 return on equity of 22.73% and a net margin of 10.05%. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.50 billion. Research analysts predict that Imperial Oil will post 6.29 earnings per share for the current year.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.4336 per share. The ex-dividend date is Wednesday, September 4th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 2.48%. Imperial Oil’s dividend payout ratio is currently 27.59%.

Institutional Investors Weigh In On Imperial Oil

Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV grew its holdings in Imperial Oil by 5.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,266 shares of the energy company’s stock valued at $223,000 after purchasing an additional 158 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Imperial Oil by 5.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,308 shares of the energy company’s stock valued at $237,000 after buying an additional 163 shares during the last quarter. CWM LLC raised its holdings in Imperial Oil by 8.7% in the 2nd quarter. CWM LLC now owns 2,319 shares of the energy company’s stock worth $158,000 after acquiring an additional 185 shares during the period. OLD National Bancorp IN lifted its position in Imperial Oil by 5.6% during the 2nd quarter. OLD National Bancorp IN now owns 3,831 shares of the energy company’s stock worth $261,000 after acquiring an additional 204 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in Imperial Oil by 84.0% during the first quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock valued at $34,000 after acquiring an additional 225 shares during the period. 20.74% of the stock is currently owned by 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.