Brokerages Set Imperial Oil Limited (NYSEAMERICAN:IMO) Target Price at $115.00

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have earned an average recommendation of “Reduce” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $115.00.

A number of analysts recently issued reports on IMO shares. BMO Capital Markets cut Imperial Oil from an “outperform” rating to a “market perform” rating in a research report on Monday, December 15th. Raymond James Financial cut Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. Zacks Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th.

Institutional Trading of Imperial Oil

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. increased its holdings in shares of Imperial Oil by 209.5% during the 4th quarter. Assetmark Inc. now owns 653 shares of the energy company’s stock valued at $56,000 after acquiring an additional 442 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in Imperial Oil by 32.5% in the 4th quarter. Transcend Capital Advisors LLC now owns 7,542 shares of the energy company’s stock worth $651,000 after purchasing an additional 1,849 shares during the last quarter. Burney Co. boosted its position in Imperial Oil by 4.5% during the fourth quarter. Burney Co. now owns 36,503 shares of the energy company’s stock worth $3,151,000 after purchasing an additional 1,585 shares during the period. Baker Ellis Asset Management LLC grew its holdings in Imperial Oil by 26.7% during the fourth quarter. Baker Ellis Asset Management LLC now owns 4,750 shares of the energy company’s stock valued at $410,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV raised its position in shares of Imperial Oil by 0.9% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 74,324 shares of the energy company’s stock valued at $6,415,000 after purchasing an additional 628 shares during the period. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Up 2.0%

Imperial Oil stock opened at $101.24 on Wednesday. Imperial Oil has a twelve month low of $58.76 and a twelve month high of $102.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.17 and a current ratio of 1.47. The firm has a market cap of $48.96 billion, a PE ratio of 18.24 and a beta of 0.70. The firm’s 50 day moving average price is $92.57 and its two-hundred day moving average price is $89.60.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Wednesday, December 3rd were issued a $0.72 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 2.8%. Imperial Oil’s dividend payout ratio is currently 31.26%.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.