Imperial Oil Limited Sees Large Drop in Short Interest (IMO)
Imperial Oil Limited (NYSE:IMO) was the target of a large drop in short interest in April. As of April 30th, there was short interest totalling 7,625,836 shares, a drop of 0.1% from the April 15th total of 7,621,956 shares, StockRatingsNetwork.com reports. Approximately 3.0% of the shares of the company are short sold. Based on an average trading volume of 286,382 shares, the short-interest ratio is presently 26.6 days.
IMO has been the subject of a number of recent research reports. Analysts at BMO Capital Markets downgraded shares of Imperial Oil Limited from an “outperform” rating to an “underperform” rating in a research note on Friday, May 2nd. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Imperial Oil Limited in a research note on Thursday, April 17th. They now have a $60.00 price target on the stock. Finally, analysts at Desjardins downgraded shares of Imperial Oil Limited from a “hold” rating to a “sell” rating in a research note on Thursday, April 17th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.00.
Shares of Imperial Oil Limited (NYSE:IMO) opened at 48.83 on Wednesday. Imperial Oil Limited has a 1-year low of $37.09 and a 1-year high of $49.59. The stock’s 50-day moving average is $47.56 and its 200-day moving average is $44.49. The company has a market cap of $41.388 billion and a P/E ratio of 15.16.
Imperial Oil Limited (NYSE:IMO) last announced its earnings results on Thursday, May 1st. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.06 by $0.03. On average, analysts predict that Imperial Oil Limited will post $4.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Sunday, May 4th will be paid a dividend of $0.1179 per share. This represents a $0.47 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, April 30th.
Imperial Oil Limited (NYSE:IMO) is an integrated oil company.
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