Barclays PLC Reaffirms “Equal Weight” Rating for Imperial Oil Limited (IMO)
Imperial Oil Limited (NYSEMKT:IMO)‘s stock had its “equal weight” rating reissued by analysts at Barclays PLC in a report released on Monday. They currently have a $50.00 target price on the stock, up from their prior target price of $48.00. Barclays PLC’s price objective would indicate a potential upside of 52.58% from the stock’s current price.
IMO has been the topic of several other research reports. JPMorgan Chase & Co. began coverage on shares of Imperial Oil Limited in a research note on Thursday, August 25th. They issued a “neutral” rating on the stock. Credit Suisse Group AG reiterated a “neutral” rating and issued a $48.00 price target (up previously from $46.00) on shares of Imperial Oil Limited in a research note on Wednesday, August 24th. Bank of America Corp. began coverage on shares of Imperial Oil Limited in a research note on Friday, August 19th. They issued an “underperform” rating and a $32.00 price target on the stock. RBC Capital Markets reiterated a “sector perform” rating and issued a $47.00 price target on shares of Imperial Oil Limited in a research note on Friday, September 23rd. Finally, TD Securities reiterated a “buy” rating and issued a $48.00 price target (down previously from $49.00) on shares of Imperial Oil Limited in a research note on Thursday, August 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Imperial Oil Limited has a consensus rating of “Hold” and an average target price of $45.10.
Shares of Imperial Oil Limited (NYSEMKT:IMO) traded up 1.87% on Monday, hitting $32.77. The stock had a trading volume of 61,240 shares. Imperial Oil Limited has a 12 month low of $25.55 and a 12 month high of $35.48. The stock has a market cap of $27.78 billion, a PE ratio of 122.73 and a beta of 1.14. The company has a 50 day moving average price of $30.90 and a 200-day moving average price of $31.46.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/barclays-plc-reaffirms-equal-weight-rating-for-imperial-oil-limited-imo.html
Imperial Oil Limited (NYSEMKT:IMO) last released its earnings results on Friday, July 29th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.30. The company had revenue of $6.25 billion for the quarter. During the same quarter in the previous year, the business posted $0.14 EPS. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. On average, equities research analysts anticipate that Imperial Oil Limited will post $0.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Friday, September 2nd were issued a dividend of $0.1135 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.45 annualized dividend and a yield of 1.39%. Imperial Oil Limited’s payout ratio is 170.37%.
A number of institutional investors have recently modified their holdings of IMO. M&R Capital Management Inc. bought a new position in shares of Imperial Oil Limited during the second quarter worth approximately $113,000. Tower Research Capital LLC TRC increased its position in shares of Imperial Oil Limited by 1,447.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,930 shares of the company’s stock worth $124,000 after buying an additional 3,676 shares in the last quarter. Zions Bancorporation increased its position in shares of Imperial Oil Limited by 1,948.1% in the first quarter. Zions Bancorporation now owns 4,731 shares of the company’s stock worth $158,000 after buying an additional 4,500 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Imperial Oil Limited by 20.8% in the second quarter. Hillsdale Investment Management Inc. now owns 5,760 shares of the company’s stock worth $182,000 after buying an additional 990 shares in the last quarter. Finally, AGF Investments Inc. increased its position in shares of Imperial Oil Limited by 121.1% in the second quarter. AGF Investments Inc. now owns 6,966 shares of the company’s stock worth $220,000 after buying an additional 3,816 shares in the last quarter.
Imperial Oil Limited Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
Receive News & Ratings for Imperial Oil Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil Limited and related companies with MarketBeat.com's FREE daily email newsletter.