Imperial Oil Limited (NYSEAMERICAN:IMO) Stock Has Average Price Target of $116.00

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have received a consensus recommendation of “Reduce” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $116.00.

A number of analysts recently issued reports on IMO shares. Imperial Capital restated a “sell” rating on shares of Imperial Oil in a research report on Tuesday, June 23rd. Scotiabank reiterated a “sector perform” rating on shares of Imperial Oil in a research report on Friday, July 17th. Desjardins raised shares of Imperial Oil to a “hold” rating in a research note on Thursday, July 16th. UBS Group restated a “buy” rating on shares of Imperial Oil in a report on Monday, September 14th. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of Imperial Oil in a research note on Wednesday, September 16th.

Institutional Investors Weigh In On Imperial Oil

Hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC grew its position in Imperial Oil by 87.8% in the 4th quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after acquiring an additional 137 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Imperial Oil by 1,446.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 727 shares of the energy company’s stock worth $63,000 after purchasing an additional 680 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Imperial Oil by 58.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 760 shares of the energy company’s stock valued at $66,000 after purchasing an additional 280 shares during the period. SHP Wealth Management purchased a new stake in shares of Imperial Oil during the fourth quarter valued at $75,000. Finally, CoreCap Advisors LLC grew its holdings in shares of Imperial Oil by 20.5% in the second quarter. CoreCap Advisors LLC now owns 954 shares of the energy company’s stock worth $107,000 after purchasing an additional 162 shares during the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Stock Up 1.0%

Shares of NYSEAMERICAN:IMO opened at $123.05 on Monday. The company has a market cap of $59.26 billion, a price-to-earnings ratio of 19.96 and a beta of 0.46. Imperial Oil has a 12 month low of $83.27 and a 12 month high of $139.44. The company has a current ratio of 1.38, a quick ratio of 1.19 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $129.70 and a 200 day moving average price of $126.30.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, July 31st. The energy company reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $1.53. The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.92 billion. Imperial Oil had a return on equity of 22.28% and a net margin of 8.03%.The company’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 earnings per share. As a group, equities research analysts predict that Imperial Oil will post 11.19 earnings per share for the current year.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be paid a C$0.87 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $3.48 annualized dividend and a yield of 2.8%. Imperial Oil’s dividend payout ratio (DPR) is presently 38.09%.

Imperial Oil Company Profile

Imperial Oil Limited is an integrated Canadian energy company engaged in the exploration, production, transportation, refining and marketing of crude oil and natural gas. Founded in 1880, the company is headquartered in Calgary, Alberta, and has operations primarily across Canada.

Imperial’s upstream business includes oil sands production at its Kearl and Cold Lake projects, as well as conventional oil and natural gas activities. The company also holds an interest in Syncrude, one of Canada’s major oil sands mining and upgrading operations.