Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Imperial Oil is Canada’s largest integrated petroleum company. Its operations, conducted under the Esso banner, are concentrated in the exploration and production of oil and natural gas, refining and marketing petroleum products, and in the manufacture and sale of petrochemicals. The company has approximately 7,500 employees in two operating divisions. “

A number of other equities research analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) lowered shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research note on Wednesday, April 5th. Raymond James Financial, Inc. upgraded shares of Imperial Oil from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 12th. BidaskClub upgraded shares of Imperial Oil from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine upgraded shares of Imperial Oil from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, National Bank Financial started coverage on shares of Imperial Oil in a research note on Tuesday, June 27th. They issued a “sector perform” rating for the company. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $44.78.

Imperial Oil (NYSEMKT IMO) traded up 0.31% during trading on Tuesday, reaching $29.23. The company had a trading volume of 144,901 shares. The company’s 50-day moving average is $28.84 and its 200 day moving average is $30.61. The firm has a market capitalization of $24.78 billion, a price-to-earnings ratio of 12.42 and a beta of 1.14. Imperial Oil has a 52 week low of $27.59 and a 52 week high of $36.85.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, April 28th. The energy company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by $0.13. Imperial Oil had a return on equity of 5.31% and a net margin of 4.76%. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same quarter in the previous year, the company earned ($0.12) earnings per share. Equities analysts anticipate that Imperial Oil will post $1.40 EPS for the current year.

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Institutional investors have recently modified their holdings of the stock. Albert D Mason Inc. increased its stake in Imperial Oil by 0.4% in the first quarter. Albert D Mason Inc. now owns 7,183 shares of the energy company’s stock valued at $219,000 after buying an additional 30 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Imperial Oil by 0.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,775 shares of the energy company’s stock worth $687,000 after buying an additional 90 shares during the last quarter. Comerica Bank boosted its stake in Imperial Oil by 1.3% in the first quarter. Comerica Bank now owns 13,983 shares of the energy company’s stock worth $411,000 after buying an additional 181 shares during the last quarter. World Asset Management Inc boosted its stake in Imperial Oil by 1.3% in the first quarter. World Asset Management Inc now owns 15,175 shares of the energy company’s stock worth $463,000 after buying an additional 193 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Imperial Oil by 1.5% in the second quarter. Stifel Financial Corp now owns 13,906 shares of the energy company’s stock worth $438,000 after buying an additional 200 shares during the last quarter.

About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

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