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

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have earned a consensus rating of “Reduce” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research 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 12 month price objective among analysts that have issued a report on the stock in the last year is $106.33.

IMO has been the subject of a number of research analyst reports. Desjardins lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 3rd. Raymond James reaffirmed an “outperform” rating on shares of Imperial Oil in a research note on Monday, May 5th. Wolfe Research raised shares of Imperial Oil from a “peer perform” rating to an “outperform” rating in a research note on Monday, April 21st. 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. Finally, Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th.

Institutional Trading of Imperial Oil

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wayfinding Financial LLC acquired a new position in Imperial Oil in the first quarter valued at $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Imperial Oil by 88.5% in the first 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 period. Wingate Wealth Advisors Inc. acquired a new position in shares of Imperial Oil during the fourth quarter valued at about $41,000. Group One Trading LLC raised its holdings in shares of Imperial Oil by 29.7% during the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company’s stock valued at $47,000 after purchasing an additional 173 shares during the period. Finally, Continuum Advisory LLC acquired a new position in shares of Imperial Oil during the first quarter valued at about $71,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Down 0.2%

NYSEAMERICAN:IMO opened at $73.41 on Tuesday. The stock’s fifty day moving average price is $68.48 and its two-hundred day moving average price is $69.97. Imperial Oil has a 52-week low of $58.76 and a 52-week 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 cap of $37.37 billion, a price-to-earnings ratio of 11.14 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently disclosed 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 represents a $2.09 dividend on an annualized basis and a yield of 2.85%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is 25.80%.

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.