Imperial Oil Limited (NYSEAMERICAN:IMO) Receives Average Recommendation of “Reduce” from Analysts

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have been assigned a consensus recommendation of “Reduce” from the nine research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $105.50.

IMO has been the subject of several recent research reports. Tudor Pickering cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Desjardins cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 3rd. Raymond James Financial cut shares of Imperial Oil from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 3rd. BMO Capital Markets reiterated an “outperform” rating on shares of Imperial Oil in a research report on Monday, August 4th. Finally, Wolfe Research cut shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 23rd.

Institutional Trading of Imperial Oil

Large investors have recently made changes to their positions in the company. Yousif Capital Management LLC bought a new stake in shares of Imperial Oil in the 1st quarter valued at $226,000. Bessemer Group Inc. increased its position in shares of Imperial Oil by 198.9% in the 1st quarter. Bessemer Group Inc. now owns 23,690 shares of the energy company’s stock valued at $1,713,000 after buying an additional 15,765 shares in the last quarter. LPL Financial LLC increased its position in shares of Imperial Oil by 68.6% in the 1st quarter. LPL Financial LLC now owns 79,692 shares of the energy company’s stock valued at $5,763,000 after buying an additional 32,437 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Imperial Oil by 7.7% in the 1st quarter. Principal Financial Group Inc. now owns 16,796 shares of the energy company’s stock valued at $1,213,000 after buying an additional 1,200 shares in the last quarter. Finally, Vise Technologies Inc. increased its position in shares of Imperial Oil by 70.2% in the 4th quarter. Vise Technologies Inc. now owns 13,002 shares of the energy company’s stock valued at $801,000 after buying an additional 5,361 shares in the last quarter. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Up 3.5%

NYSEAMERICAN:IMO opened at $87.37 on Friday. The stock’s fifty day moving average price is $82.53 and its two-hundred day moving average price is $73.68. Imperial Oil has a 52-week low of $58.76 and a 52-week high of $87.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58. The company has a market cap of $44.26 billion, a price-to-earnings ratio of 13.46 and a beta of 0.92.

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.