Imperial Oil (IMO) Upgraded by Tudor Pickering to “Hold”

Tudor Pickering upgraded shares of Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) to a hold rating in a research report sent to investors on Monday morning, The Fly reports.

A number of other analysts have also issued reports on the company. Morgan Stanley increased their target price on Imperial Oil from $36.00 to $42.00 and gave the company an underweight rating in a report on Friday, October 13th. TheStreet raised shares of Imperial Oil from a c rating to a b- rating in a research note on Friday, October 27th. Royal Bank of Canada downgraded shares of Imperial Oil from a sector perform rating to an underperform rating in a research note on Thursday, November 2nd. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a neutral rating to an underweight rating and set a $38.00 price target on the stock. in a research note on Thursday, September 14th. Finally, BidaskClub raised shares of Imperial Oil from a hold rating to a buy rating in a research note on Tuesday, September 12th. Eight investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $41.25.

Imperial Oil (NYSEAMERICAN IMO) traded down $0.26 on Monday, hitting $31.40. The stock had a trading volume of 346,400 shares, compared to its average volume of 280,825. The stock has a market capitalization of $26,400.00, a price-to-earnings ratio of 16.10 and a beta of 0.88. Imperial Oil has a one year low of $27.59 and a one year high of $34.79.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its earnings results on Friday, October 27th. The energy company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). The business had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $6.58 billion. Imperial Oil had a net margin of 5.19% and a return on equity of 5.95%. During the same quarter in the previous year, the company earned $1.18 EPS.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Friday, December 1st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, November 30th. Imperial Oil’s payout ratio is 26.15%.

A number of institutional investors have recently bought and sold shares of the business. Artisan Partners Limited Partnership increased its position in Imperial Oil by 21.9% during the third quarter. Artisan Partners Limited Partnership now owns 25,962,913 shares of the energy company’s stock worth $829,398,000 after buying an additional 4,669,993 shares during the last quarter. First Eagle Investment Management LLC increased its position in Imperial Oil by 30.0% during the third quarter. First Eagle Investment Management LLC now owns 12,113,231 shares of the energy company’s stock worth $387,134,000 after buying an additional 2,793,989 shares during the last quarter. American Century Companies Inc. increased its position in Imperial Oil by 2.8% during the third quarter. American Century Companies Inc. now owns 10,762,693 shares of the energy company’s stock worth $343,819,000 after buying an additional 298,225 shares during the last quarter. TD Asset Management Inc. increased its position in Imperial Oil by 7.3% during the third quarter. TD Asset Management Inc. now owns 9,202,299 shares of the energy company’s stock worth $293,295,000 after buying an additional 628,346 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Imperial Oil by 3.6% during the second quarter. Vanguard Group Inc. now owns 6,492,668 shares of the energy company’s stock worth $189,456,000 after buying an additional 224,641 shares during the last quarter.

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Imperial Oil Company Profile

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

The Fly

Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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