Imperial Oil Ltd (IMO) Given Consensus Rating of “Hold” by Analysts
Shares of Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) have received an average recommendation of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $45.20.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Imperial Oil from a “strong sell” rating to a “hold” rating in a research note on Monday, June 19th. CIBC downgraded Imperial Oil from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, May 23rd. BidaskClub raised Imperial Oil from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. AltaCorp Capital downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. Finally, National Bank Financial assumed coverage on Imperial Oil in a research note on Tuesday, June 27th. They issued a “sector perform” rating on the stock.
Large investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in Imperial Oil in the first quarter valued at about $129,000. Pacad Investment Ltd. boosted its position in shares of Imperial Oil by 46.9% during the second quarter. Pacad Investment Ltd. now owns 7,200 shares of the energy company’s stock worth $210,000 after buying an additional 2,300 shares during the period. Nexus Investment Management Inc. acquired a new position in shares of Imperial Oil during the second quarter worth about $227,000. Ameriprise Financial Inc. boosted its position in shares of Imperial Oil by 12.3% during the second quarter. Ameriprise Financial Inc. now owns 8,222 shares of the energy company’s stock worth $241,000 after buying an additional 900 shares during the period. Finally, AGF Investments Inc. boosted its position in shares of Imperial Oil by 14.6% during the first quarter. AGF Investments Inc. now owns 7,982 shares of the energy company’s stock worth $243,000 after buying an additional 1,016 shares during the period.
Imperial Oil (IMO) traded up 0.13% on Tuesday, hitting $31.15. 330,881 shares of the stock were exchanged. The company’s 50-day moving average is $29.44 and its 200-day moving average is $29.54. Imperial Oil has a 52 week low of $27.59 and a 52 week high of $36.85. The company has a market cap of $26.30 billion, a PE ratio of 12.26 and a beta of 1.14.
Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last announced its quarterly earnings data on Friday, July 28th. The energy company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.30). Imperial Oil had a negative return on equity of 1.23% and a negative net margin of 1.10%. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $8.40 billion. During the same quarter in the previous year, the business posted ($0.21) earnings per share. The company’s revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Imperial Oil will post $0.98 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be issued a $0.1279 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, August 30th. This is an increase from Imperial Oil’s previous quarterly dividend of $0.12. Imperial Oil’s dividend payout ratio is currently 170.37%.
Imperial Oil Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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