Imperial Oil Limited (NYSEAMERICAN:IMO) Given Consensus Rating of “Hold” by Analysts

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) has received a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $106.33.

IMO has been the topic of a number of analyst reports. Scotiabank raised shares of Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group downgraded shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $101.00 target price on shares of Imperial Oil in a research report on Thursday, April 3rd. Raymond James reiterated an “outperform” rating on shares of Imperial Oil in a research report on Monday, May 5th. Finally, Wolfe Research upgraded shares of Imperial Oil from a “peer perform” rating to an “outperform” rating in a research report on Monday, April 21st.

Institutional Investors Weigh In On Imperial Oil

A number of hedge funds have recently made changes to their positions in IMO. Winch Advisory Services LLC bought a new stake in shares of Imperial Oil in the 4th quarter worth approximately $26,000. Wayfinding Financial LLC bought a new stake in shares of Imperial Oil in the 1st quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. raised its holdings in Imperial Oil by 88.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock valued at $39,000 after buying an additional 255 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Imperial Oil during the 4th quarter valued at $41,000. Finally, Group One Trading LLC raised its holdings in Imperial Oil by 29.7% during the 4th quarter. Group One Trading LLC now owns 755 shares of the energy company’s stock valued at $47,000 after buying an additional 173 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Price Performance

IMO stock opened at $72.33 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. Imperial Oil has a 12 month low of $58.76 and a 12 month high of $80.17. The firm has a market cap of $36.82 billion, a P/E ratio of 10.98 and a beta of 1.44. The company’s 50-day moving average price is $67.92 and its two-hundred day moving average price is $69.80.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th will be paid a $0.523 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. This represents a $2.09 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is currently 25.80%.

Imperial Oil Company Profile

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.