Imperial Oil Limited (NYSEAMERICAN:IMO) Receives $115.00 Consensus Target Price from Brokerages

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) has been given an average rating of “Reduce” by the eleven analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $115.00.

A number of equities analysts have recently issued reports on IMO shares. TD Securities restated a “sell” rating on shares of Imperial Oil in a research note on Tuesday, November 4th. Raymond James Financial downgraded Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. BMO Capital Markets downgraded Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Monday, December 15th. 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 report on Wednesday, November 5th.

Imperial Oil Price Performance

IMO opened at $89.09 on Friday. 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 stock has a market capitalization of $43.36 billion, a P/E ratio of 16.05 and a beta of 0.70. The company’s 50-day simple moving average is $91.98 and its two-hundred day simple moving average is $88.13. Imperial Oil has a 52-week low of $58.76 and a 52-week high of $101.01.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is currently 31.26%.

Hedge Funds Weigh In On Imperial Oil

Institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in Imperial Oil during the first quarter valued at about $215,000. Northern Trust Corp grew its stake in shares of Imperial Oil by 2.0% during the 1st quarter. Northern Trust Corp now owns 199,021 shares of the energy company’s stock valued at $14,393,000 after acquiring an additional 3,889 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Imperial Oil by 88.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock valued at $39,000 after acquiring an additional 255 shares during the period. Canada Pension Plan Investment Board increased its holdings in Imperial Oil by 1,233.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 498,056 shares of the energy company’s stock worth $35,983,000 after acquiring an additional 460,696 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in Imperial Oil during the 1st quarter worth approximately $2,943,000. 20.74% of the stock is owned by institutional investors.

About Imperial Oil

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.