Imperial Oil Limited (NYSEAMERICAN:IMO) Given Average Recommendation of “Reduce” by Brokerages

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have earned an average recommendation of “Reduce” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $115.00.

IMO has been the topic of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Imperial Oil in a report on Wednesday, November 5th. BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating in a report on Monday, December 15th. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research report on Tuesday, November 4th. Finally, Raymond James Financial downgraded shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN:IMO opened at $119.76 on Friday. Imperial Oil has a 12-month low of $58.76 and a 12-month high of $120.02. The company’s 50 day moving average price is $96.18 and its two-hundred day moving average price is $92.45. The firm has a market cap of $57.91 billion, a PE ratio of 26.15 and a beta of 0.70. The company has a quick ratio of 1.17, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 5th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Thursday, March 5th. Imperial Oil’s dividend payout ratio (DPR) is currently 31.26%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ensign Peak Advisors Inc raised its holdings in Imperial Oil by 1.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 9,924 shares of the energy company’s stock valued at $858,000 after buying an additional 100 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Imperial Oil by 23.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock valued at $46,000 after purchasing an additional 101 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Imperial Oil by 5.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,599 shares of the energy company’s stock valued at $236,000 after purchasing an additional 127 shares in the last quarter. IFG Advisory LLC boosted its position in shares of Imperial Oil by 0.4% during the 2nd quarter. IFG Advisory LLC now owns 32,359 shares of the energy company’s stock valued at $2,572,000 after purchasing an additional 136 shares in the last quarter. Finally, Root Financial Partners LLC increased its holdings in Imperial Oil by 87.8% in the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock worth $25,000 after purchasing an additional 137 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.