Imperial Oil Limited (NYSEMKT:IMO) (TSE:IMO)‘s stock had its “sector perform” rating reiterated by investment analysts at RBC Capital Markets in a research report issued to clients and investors on Monday. They currently have a $48.00 price objective on the stock, up from their prior price objective of $47.00. RBC Capital Markets’ price objective indicates a potential upside of 43.07% from the company’s previous close.

A number of other equities analysts have also recently issued reports on IMO. TD Securities reaffirmed a “buy” rating and issued a $50.00 price objective (up from $49.00) on shares of Imperial Oil Limited in a research note on Thursday, November 3rd. Zacks Investment Research cut shares of Imperial Oil Limited from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, November 1st. Macquarie raised shares of Imperial Oil Limited from an “underperform” rating to a “neutral” rating in a research note on Monday, October 31st. Goldman Sachs Group Inc. started coverage on shares of Imperial Oil Limited in a research note on Monday, October 24th. They issued a “neutral” rating on the stock. Finally, Credit Suisse Group AG raised shares of 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. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.82.

Analyst Recommendations for Imperial Oil Limited (NYSEMKT:IMO)

Shares of Imperial Oil Limited (NYSEMKT:IMO) traded up 1.81% during mid-day trading on Monday, reaching $33.71. 110,316 shares of the company’s stock traded hands. The company’s 50 day moving average is $32.53 and its 200-day moving average is $31.54. The firm has a market cap of $28.57 billion, a price-to-earnings ratio of 46.88 and a beta of 1.14. Imperial Oil Limited has a 52 week low of $25.55 and a 52 week high of $35.48.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Monday, December 12th will be paid a $0.1129 dividend. The ex-dividend date is Thursday, December 8th. This represents a $0.45 annualized dividend and a yield of 1.35%. Imperial Oil Limited’s payout ratio is currently 170.37%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its position in Imperial Oil Limited by 2.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 816,734 shares of the company’s stock valued at $25,725,000 after buying an additional 18,276 shares in the last quarter. Royal Bank of Canada raised its position in Imperial Oil Limited by 5.2% in the first quarter. Royal Bank of Canada now owns 16,090,373 shares of the company’s stock valued at $537,418,000 after buying an additional 793,862 shares in the last quarter. Guinness Asset Management Ltd raised its position in Imperial Oil Limited by 11.1% in the second quarter. Guinness Asset Management Ltd now owns 353,566 shares of the company’s stock valued at $11,129,000 after buying an additional 35,200 shares in the last quarter. TD Asset Management Inc. raised its position in Imperial Oil Limited by 4.6% in the second quarter. TD Asset Management Inc. now owns 7,471,085 shares of the company’s stock valued at $235,172,000 after buying an additional 331,018 shares in the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new position in Imperial Oil Limited during the second quarter valued at $226,000.

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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