Imperial Oil Limited (NYSEAMERICAN:IMO) Receives Average Rating of “Hold” from Brokerages

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO – Get Rating) (TSE:IMO) have earned a consensus rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $79.88.

IMO has been the topic of a number of research reports. Raymond James increased their price target on Imperial Oil from C$70.00 to C$74.00 in a research report on Wednesday, February 1st. Scotiabank raised Imperial Oil from a “sector perform” rating to a “sector outperform” rating in a report on Tuesday, March 21st. StockNews.com lowered Imperial Oil from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, Royal Bank of Canada lowered Imperial Oil from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $82.00 to $78.00 in a report on Wednesday, April 12th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in Imperial Oil by 11.8% during the 1st quarter. FMR LLC now owns 26,475,124 shares of the energy company’s stock worth $1,346,382,000 after acquiring an additional 2,802,294 shares during the period. Vanguard Group Inc. increased its position in shares of Imperial Oil by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 7,069,354 shares of the energy company’s stock valued at $341,591,000 after buying an additional 109,916 shares in the last quarter. Morgan Stanley increased its position in shares of Imperial Oil by 91.7% in the 4th quarter. Morgan Stanley now owns 2,557,092 shares of the energy company’s stock valued at $124,633,000 after buying an additional 1,223,456 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Imperial Oil by 12.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,454,275 shares of the energy company’s stock valued at $119,546,000 after buying an additional 274,075 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Imperial Oil by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,297,132 shares of the energy company’s stock valued at $116,718,000 after buying an additional 7,081 shares in the last quarter. Institutional investors own 20.18% of the company’s stock.

Imperial Oil Price Performance

Shares of NYSEAMERICAN IMO opened at $46.86 on Friday. Imperial Oil has a 1-year low of $39.95 and a 1-year high of $58.99. The business has a 50-day moving average of $50.59 and a 200-day moving average of $50.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.04. The company has a market capitalization of $27.37 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 0.32 and a beta of 1.54.

Imperial Oil (NYSEAMERICAN:IMO – Get Rating) (TSE:IMO) last released its quarterly earnings results on Friday, April 28th. The energy company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.45 by $0.13. Imperial Oil had a return on equity of 31.73% and a net margin of 12.30%. The business had revenue of $8.96 billion for the quarter, compared to analysts’ expectations of $11.38 billion. On average, equities analysts anticipate that Imperial Oil will post 5.73 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Investors of record on Friday, June 2nd will be given a $0.3674 dividend. This represents a $1.47 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, June 1st. This is a boost from Imperial Oil’s previous quarterly dividend of $0.33. Imperial Oil’s payout ratio is 14.64%.

About Imperial Oil

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Imperial Oil Ltd. engages in the exploration, production, and sale of crude oil and natural gas. It operates through the following business segments: Upstream, Downstream, Chemical, and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen.