Imperial Oil (NYSEAMERICAN:IMO) Rating Lowered to “Peer Perform” at Wolfe Research

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was downgraded by equities research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Wednesday, Marketbeat reports.

A number of other equities analysts have also issued reports on the company. Raymond James Financial lowered Imperial Oil from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $101.00 target price on shares of Imperial Oil in a research note on Thursday, April 3rd. Desjardins lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group lowered Imperial Oil from a “neutral” rating to a “sell” rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $105.50.

Imperial Oil Stock Performance

Shares of IMO stock opened at $84.09 on Wednesday. The firm has a market capitalization of $42.81 billion, a price-to-earnings ratio of 12.57 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.48 and a quick ratio of 1.22. The business has a fifty day moving average of $77.99 and a 200 day moving average of $71.06. Imperial Oil has a 1 year low of $58.76 and a 1 year high of $85.02.

Hedge Funds Weigh In On Imperial Oil

Institutional investors and hedge funds have recently modified their holdings of the business. Group One Trading LLC increased its holdings in Imperial Oil by 29.7% in the fourth 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 in the last quarter. Gold Investment Management Ltd. increased its holdings in Imperial Oil by 0.6% in the first quarter. Gold Investment Management Ltd. now owns 28,082 shares of the energy company’s stock valued at $2,029,000 after buying an additional 178 shares in the last quarter. Ballentine Partners LLC increased its holdings in Imperial Oil by 4.9% in the second quarter. Ballentine Partners LLC now owns 3,971 shares of the energy company’s stock valued at $316,000 after buying an additional 184 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased 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 in the last quarter. Finally, Stephens Inc. AR increased its holdings in Imperial Oil by 2.0% in the first quarter. Stephens Inc. AR now owns 14,861 shares of the energy company’s stock valued at $1,075,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors 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.