Imperial Oil (NYSEAMERICAN:IMO) Raised to “Hold” at Raymond James

Imperial Oil (NYSEAMERICAN:IMOGet Free Report) (TSE:IMO) was upgraded by Raymond James to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

Separately, StockNews.com raised shares of Imperial Oil from a “hold” rating to a “buy” rating in a research note on Sunday, May 5th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.33.

Check Out Our Latest Analysis on IMO

Imperial Oil Stock Performance

Shares of IMO stock opened at $70.73 on Tuesday. The firm has a market cap of $37.90 billion, a PE ratio of 11.09 and a beta of 1.47. Imperial Oil has a one year low of $44.98 and a one year high of $74.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.34.

Imperial Oil (NYSEAMERICAN:IMOGet Free Report) (TSE:IMO) last posted its earnings results on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.10. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. Equities research analysts predict that Imperial Oil will post 6.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Imperial Oil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMO. The Manufacturers Life Insurance Company lifted its holdings in Imperial Oil by 95.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,597,474 shares of the energy company’s stock valued at $376,421,000 after buying an additional 3,225,957 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Imperial Oil by 201.0% in the 1st quarter. TD Asset Management Inc now owns 3,384,060 shares of the energy company’s stock worth $233,640,000 after purchasing an additional 2,259,766 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Imperial Oil by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,371,517 shares of the energy company’s stock worth $209,148,000 after purchasing an additional 1,801,671 shares during the period. FMR LLC lifted its position in shares of Imperial Oil by 3.6% in the 3rd quarter. FMR LLC now owns 28,557,885 shares of the energy company’s stock worth $1,758,993,000 after purchasing an additional 1,001,847 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Imperial Oil by 27.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,737,291 shares of the energy company’s stock worth $168,591,000 after purchasing an additional 589,017 shares during the period. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Company Profile

(Get Free Report)

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.

Further Reading

Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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