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Shares of Imperial Oil Limited (NYSE:IMO) saw a significant growth in short interest in January. As of March 31st, there was short interest totalling 7,033,810 shares, a growth of 4.2% from the March 14th total of 6,752,310 shares, American Banking & Market News reports. Based on an average daily trading volume, of 235,259 shares, the short-interest ratio is presently 29.9 days. Approximately 2.7% of the shares of the stock are short sold.

A number of analysts have recently weighed in on IMO shares. Analysts at BofA Merrill Lynch downgraded shares of Imperial Oil Limited from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 2nd. They now have a $48.00 price target on the stock. Separately, analysts at Bank of America downgraded shares of Imperial Oil Limited from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 2nd. Finally, analysts at FirstEnergy Capital downgraded shares of Imperial Oil Limited from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Imperial Oil Limited currently has a consensus rating of “Hold” and a consensus target price of $50.00.

Imperial Oil Limited (NYSE:IMO) opened at 47.68 on Thursday. Imperial Oil Limited has a one year low of $37.09 and a one year high of $47.75. The stock has a 50-day moving average of $45.65 and a 200-day moving average of $43.73. The company has a market cap of $40.413 billion and a price-to-earnings ratio of 13.90.

Imperial Oil Limited (NYSE:IMO) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. On average, analysts predict that Imperial Oil Limited will post $4.22 earnings per share for the current fiscal year.

Imperial Oil Limited (NYSE:IMO) is an integrated oil company.

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