Imperial Oil Limited (NYSEAMERICAN:IMO) Receives $116.00 Consensus Target Price from Brokerages

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) has earned a consensus recommendation of “Strong Sell” from the nine brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $116.00.

Several research firms have issued reports on IMO. Imperial Capital reiterated a “sell” rating on shares of Imperial Oil in a research note on Tuesday. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th.

Institutional Investors Weigh In On Imperial Oil

Several institutional investors have recently bought and sold shares of IMO. Root Financial Partners LLC grew its stake in Imperial Oil by 87.8% during the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock worth $25,000 after buying an additional 137 shares during the period. McMillan Office Inc. purchased a new stake in Imperial Oil during the 4th quarter worth $26,000. Smartleaf Asset Management LLC increased its stake in Imperial Oil by 23.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock worth $46,000 after buying an additional 101 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Imperial Oil by 737.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock worth $46,000 after buying an additional 450 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Imperial Oil in the 3rd quarter worth $54,000. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Price Performance

Imperial Oil stock opened at $113.24 on Friday. Imperial Oil has a 1 year low of $78.37 and a 1 year high of $139.44. The firm has a 50 day moving average price of $124.78 and a 200 day moving average price of $114.55. The company has a market cap of $54.76 billion, a price-to-earnings ratio of 26.71 and a beta of 0.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.23.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, June 4th. Imperial Oil’s payout ratio is currently 38.24%.

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.