Imperial Oil Limited (NYSEAMERICAN:IMO) Stock Has Average Target Price of $116.00

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have been given a consensus recommendation of “Reduce” by the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $116.00.

Several research analysts have recently weighed in on the stock. Scotiabank reiterated a “sector perform” rating on shares of Imperial Oil in a research note on Friday, July 17th. Raymond James Financial reiterated an “underperform” rating on shares of Imperial Oil in a research report on Wednesday, September 16th. Imperial Capital restated a “sell” rating on shares of Imperial Oil in a research report on Tuesday, June 23rd. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research report on Wednesday, August 5th. Finally, UBS Group restated a “buy” rating on shares of Imperial Oil in a research note on Monday, September 14th.

Imperial Oil Stock Performance

Imperial Oil stock opened at $125.68 on Monday. Imperial Oil has a 52-week low of $83.27 and a 52-week high of $139.44. The company has a market cap of $60.52 billion, a P/E ratio of 20.39 and a beta of 0.57. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $129.56 and a two-hundred day simple moving average of $126.35.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings data on Friday, July 31st. The energy company reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $1.53. The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.92 billion. Imperial Oil had a net margin of 8.03% and a return on equity of 22.28%. The firm’s revenue was up 43.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. Analysts predict that Imperial Oil will post 11.19 EPS for the current year.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 4th were given a C$0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, September 4th. Imperial Oil’s payout ratio is presently 38.09%.

Institutional Trading of Imperial Oil

Several institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its holdings in shares of Imperial Oil by 11.2% during the 2nd quarter. QRG Capital Management Inc. now owns 2,141 shares of the energy company’s stock valued at $240,000 after purchasing an additional 215 shares during the last quarter. IFP Advisors Inc raised its position in Imperial Oil by 30.8% during the second quarter. IFP Advisors Inc now owns 5,326 shares of the energy company’s stock valued at $597,000 after purchasing an additional 1,254 shares during the period. Nykredit A S purchased a new stake in Imperial Oil during the 2nd quarter valued at $1,040,000. Public Employees Retirement System of Ohio bought a new stake in shares of Imperial Oil in the 2nd quarter worth about $1,180,000. Finally, Bank of New York Mellon Corp bought a new stake in Imperial Oil in the second quarter worth about $24,051,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

About Imperial Oil

Imperial Oil Limited is an integrated Canadian energy company engaged in the exploration, production, transportation, refining and marketing of crude oil and natural gas. Founded in 1880, the company is headquartered in Calgary, Alberta, and has operations primarily across Canada.

Imperial’s upstream business includes oil sands production at its Kearl and Cold Lake projects, as well as conventional oil and natural gas activities. The company also holds an interest in Syncrude, one of Canada’s major oil sands mining and upgrading operations.