Shares of Imperial Oil Limited (NYSEMKT:IMO) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $45.22.

Several brokerages recently commented on IMO. Goldman Sachs Group Inc. assumed coverage on Imperial Oil Limited in a research report on Monday, October 24th. They set a “neutral” rating for the company. Zacks Investment Research lowered Imperial Oil Limited from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, November 1st. Barclays PLC restated an “equal weight” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Imperial Oil Limited in a research note on Monday, October 10th. Credit Suisse Group AG upgraded Imperial Oil Limited from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, October 24th. Finally, TD Securities restated a “buy” rating and issued a $50.00 price objective (up previously from $49.00) on shares of Imperial Oil Limited in a research note on Thursday, November 3rd.

Shares of Imperial Oil Limited (NYSEMKT:IMO) opened at 31.77 on Tuesday. The stock’s 50 day moving average price is $32.21 and its 200 day moving average price is $31.55. The firm has a market cap of $26.93 billion, a price-to-earnings ratio of 43.88 and a beta of 1.14. Imperial Oil Limited has a one year low of $25.55 and a one year high of $35.48.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Monday, December 12th will be paid a dividend of $0.1129 per share. The ex-dividend date is Thursday, December 8th. This represents a $0.45 dividend on an annualized basis and a yield of 1.42%. Imperial Oil Limited’s dividend payout ratio (DPR) is presently 170.37%.

Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Imperial Oil Limited by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,178,761 shares of the company’s stock worth $39,371,000 after buying an additional 256,533 shares during the period. HBK Investments L P acquired a new stake in shares of Imperial Oil Limited during the first quarter worth $528,000. Legal & General Group Plc increased its stake in shares of Imperial Oil Limited by 6.5% in the first quarter. Legal & General Group Plc now owns 1,119,661 shares of the company’s stock worth $37,560,000 after buying an additional 67,929 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Imperial Oil Limited by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 86,869 shares of the company’s stock worth $2,901,000 after buying an additional 6,539 shares in the last quarter. Finally, Zions Bancorporation increased its stake in shares of Imperial Oil Limited by 1,948.1% in the first quarter. Zions Bancorporation now owns 4,731 shares of the company’s stock worth $158,000 after buying an additional 4,500 shares in the last quarter.

About Imperial Oil Limited

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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