Imperial Oil Limited (NYSEAMERICAN:IMO) Receives Consensus Rating of "Hold" from Analysts
Imperial Oil Limited (NYSEAMERICAN:IMO) has received a consensus rating of "Hold" from six analysts covering the stock, according to Marketbeat.com. Four analysts rated it as a hold and two as a buy. The average price target among brokerages is $45.50. Notable updates include Wolfe Research initiating coverage with an "outperform" rating and a price target of $53.00. Recently, the company declared a quarterly dividend of $0.4336 per share with a yield of 2.31%. Institutional ownership stands at 20.74%.
Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO has been given a consensus recommendation of "Hold" by the six analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $99.50.
A number of equities research analysts have recently weighed in on IMO shares. Raymond James raised Imperial Oil to a "hold" rating in a research note on Tuesday, May 28th. Wolfe Research started coverage on shares of Imperial Oil in a research report on Thursday, July 18th. They set an "outperform" rating and a $108.00 target price on the stock. Scotiabank cut their target price on shares of Imperial Oil from $111.00 to $110.00 and set a "sector outperform" rating for the company in a research note on Friday, July 12th. Finally, StockNews.com lowered shares of Imperial Oil from a "buy" rating to a "hold" rating in a research report on Wednesday.
Read Our Latest Stock Analysis on IMO
Imperial Oil Price Performance
NYSEAMERICAN:IMO opened at $75.23 on Friday. Imperial Oil has a 1 year low of $52.97 and a 1 year high of $77.70. The firm has a market capitalization of $40.31 billion, a PE ratio of 11.79 and a beta of 1.47. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.17.
Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last released its quarterly earnings results on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.11. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $10.50 billion. Analysts forecast that Imperial Oil will post 6.22 earnings per share for the current year.
Imperial Oil Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.4336 per share. The ex-dividend date is Wednesday, September 4th. This represents a $1.73 annualized dividend and a dividend yield of 2.31%. Imperial Oil's dividend payout ratio (DPR) is currently 27.59%.
Hedge Funds Weigh In On Imperial Oil
Hedge funds and other institutional investors have recently bought and sold shares of the business. RFP Financial Group LLC bought a new position in Imperial Oil in the second quarter valued at approximately $25,000. Hexagon Capital Partners LLC boosted its stake in Imperial Oil by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company's stock valued at $34,000 after acquiring an additional 225 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Imperial Oil during the first quarter worth $46,000. Jones Financial Companies Lllp bought a new position in shares of Imperial Oil during the fourth quarter worth $44,000. Finally, Assetmark Inc. boosted its position in shares of Imperial Oil by 938.5% during the fourth quarter. Assetmark Inc. now owns 810 shares of the energy company's stock worth $46,000 after purchasing an additional 732 shares in the last quarter. 20.74% of the stock is owned by institutional investors.
About Imperial Oil
(Get Free ReportImperial 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.
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