Brokerages Set Imperial Oil Limited (NYSEAMERICAN:IMO) Target Price at $115.00

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have earned a consensus recommendation of “Reduce” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $115.00.

A number of equities analysts have commented on IMO shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Imperial Oil in a report on Wednesday, November 5th. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Tuesday, November 4th. Zacks Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Cibc World Mkts lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th.

Imperial Oil Trading Down 2.2%

Shares of NYSEAMERICAN:IMO opened at $94.11 on Tuesday. The company has a market capitalization of $46.26 billion, a PE ratio of 16.96 and a beta of 0.70. The company has a current ratio of 1.47, a quick ratio of 1.17 and a debt-to-equity ratio of 0.17. Imperial Oil has a 12-month low of $58.76 and a 12-month high of $101.01. The business’s fifty day simple moving average is $92.44 and its 200-day simple moving average is $86.12.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Wednesday, December 3rd will be paid a $0.72 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 3.1%. Imperial Oil’s dividend payout ratio (DPR) is 31.26%.

Institutional Investors Weigh In On Imperial Oil

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in shares of Imperial Oil by 5.1% in 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 during the last quarter. IFG Advisory LLC increased its stake in 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. Gold Investment Management Ltd. raised its holdings in shares of Imperial Oil by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 28,322 shares of the energy company’s stock worth $2,568,000 after buying an additional 161 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Imperial Oil by 0.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,470 shares of the energy company’s stock worth $1,949,000 after buying an additional 166 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Imperial Oil by 64.8% during the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock worth $40,000 after buying an additional 169 shares during the period. 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.