Imperial Oil Limited (NYSEMKT:IMO) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $44.56.

A number of analysts have recently weighed in on IMO shares. JPMorgan Chase & Co. started coverage on shares of Imperial Oil Limited in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Scotiabank restated a “sector perform” rating and issued a $45.00 price objective on shares of Imperial Oil Limited in a research note on Friday, September 23rd. Citigroup Inc. upgraded shares of Imperial Oil Limited to an “outperform” rating and set a $50.00 target price for the company in a research note on Thursday, September 22nd. TD Securities reiterated a “buy” rating and set a $48.00 target price (down from $49.00) on shares of Imperial Oil Limited in a research note on Thursday, August 4th. Finally, Credit Suisse Group AG set a $46.00 target price on shares of Imperial Oil Limited and gave the company a “hold” rating in a research note on Sunday, July 31st.

Several large investors have recently bought and sold shares of the company. Cardinal Capital Management Inc. purchased a new stake in Imperial Oil Limited during the third quarter valued at $253,000. Royal Bank of Canada raised its stake in Imperial Oil Limited by 4.3% in the second quarter. Royal Bank of Canada now owns 16,778,310 shares of the company’s stock valued at $529,524,000 after buying an additional 687,937 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in Imperial Oil Limited by 20.8% in the second quarter. Hillsdale Investment Management Inc. now owns 5,760 shares of the company’s stock valued at $182,000 after buying an additional 990 shares during the last quarter. Stifel Financial Corp raised its stake in Imperial Oil Limited by 1.5% in the second quarter. Stifel Financial Corp now owns 13,906 shares of the company’s stock valued at $438,000 after buying an additional 200 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Imperial Oil Limited by 4.6% in the second quarter. Legal & General Group Plc now owns 1,171,319 shares of the company’s stock valued at $36,866,000 after buying an additional 51,658 shares during the last quarter.

Shares of Imperial Oil Limited (NYSEMKT:IMO) opened at 32.60 on Tuesday. The stock has a market cap of $27.63 billion, a P/E ratio of 123.02 and a beta of 1.14. Imperial Oil Limited has a 1-year low of $25.55 and a 1-year high of $35.48. The company’s 50-day moving average is $30.89 and its 200 day moving average is $31.47.

Imperial Oil Limited (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.30. The firm had revenue of $6.25 billion for the quarter. During the same period in the previous year, the business earned $0.14 earnings per share. Imperial Oil Limited’s quarterly revenue was down 14.4% compared to the same quarter last year. Equities research analysts anticipate that Imperial Oil Limited will post $0.37 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Friday, September 2nd were issued a $0.1135 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, August 31st. Imperial Oil Limited’s payout ratio is 170.37%.

Imperial Oil Limited Company Profile

Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

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