Imperial Oil (NYSEAMERICAN:IMO) Upgraded to “Outperform” at Wolfe Research

Wolfe Research upgraded shares of Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) from a peer perform rating to an outperform rating in a report published on Monday morning, Marketbeat.com reports.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group downgraded shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research note on Thursday, March 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $101.00 price objective on shares of Imperial Oil in a research report on Thursday, April 3rd. Scotiabank raised shares of Imperial Oil to a “hold” rating in a research report on Wednesday, March 19th. Finally, Raymond James raised shares of Imperial Oil from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Imperial Oil currently has an average rating of “Hold” and a consensus target price of $106.33.

Imperial Oil Trading Up 1.8 %

NYSEAMERICAN IMO opened at $64.85 on Monday. Imperial Oil has a one year low of $58.76 and a one year high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. The company has a market capitalization of $33.01 billion, a price-to-earnings ratio of 9.84 and a beta of 1.44. The company’s 50-day simple moving average is $67.80 and its two-hundred day simple moving average is $69.79.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th were paid a $0.4972 dividend. The ex-dividend date was Wednesday, March 5th. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 dividend on an annualized basis and a yield of 3.07%. Imperial Oil’s dividend payout ratio (DPR) is 25.80%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its position in shares of Imperial Oil by 2.0% in the 4th quarter. Signaturefd LLC now owns 7,648 shares of the energy company’s stock valued at $471,000 after acquiring an additional 150 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Imperial Oil by 4.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company’s stock valued at $241,000 after purchasing an additional 163 shares during the period. Group One Trading LLC raised its stake in shares of Imperial Oil by 29.7% in the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company’s stock worth $47,000 after purchasing an additional 173 shares during the last quarter. Gold Investment Management Ltd. boosted its position in Imperial Oil by 0.7% in the fourth quarter. Gold Investment Management Ltd. now owns 27,904 shares of the energy company’s stock valued at $1,719,000 after buying an additional 186 shares during the last quarter. Finally, OLD National Bancorp IN increased its holdings in Imperial Oil by 5.0% in the 4th quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock worth $241,000 after buying an additional 187 shares during the period. Institutional investors and hedge funds own 20.74% of the company’s stock.

About Imperial Oil

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.