Imperial Oil Limited (NYSEAMERICAN:IMO) Given Average Rating of “Reduce” by Analysts

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) has received an average rating of “Reduce” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $116.00.

IMO has been the subject of several recent research reports. Zacks Research upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. TD Securities restated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 target price for the company. in a research note on Monday, February 23rd.

Imperial Oil Price Performance

Shares of NYSEAMERICAN IMO opened at $133.19 on Tuesday. Imperial Oil has a 12-month low of $70.61 and a 12-month high of $139.44. The company has a market cap of $64.41 billion, a P/E ratio of 31.41 and a beta of 0.48. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $128.98 and a 200 day moving average price of $110.81.

Imperial Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.87 per share. The ex-dividend date is Thursday, June 4th. This represents a $3.48 annualized dividend and a dividend yield of 2.6%. Imperial Oil’s dividend payout ratio (DPR) is currently 38.69%.

Institutional Trading of Imperial Oil

Large investors have recently modified their holdings of the business. Root Financial Partners LLC grew its stake in shares of Imperial Oil by 87.8% during the fourth 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 in the last quarter. McMillan Office Inc. acquired a new stake in shares of Imperial Oil during the fourth quarter valued at about $26,000. Westside Investment Management Inc. grew its stake in shares of Imperial Oil by 100.0% during the third quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after acquiring an additional 213 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Imperial Oil by 64.8% during the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after acquiring an additional 169 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Imperial Oil by 737.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after acquiring an additional 450 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

About Imperial Oil

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.