StockNews.com Downgrades Imperial Oil (NYSEAMERICAN:IMO) to Hold

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, Raymond James upgraded Imperial Oil to a “hold” rating in a report on Tuesday, May 28th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.33.

Imperial Oil Price Performance

Shares of IMO opened at $67.97 on Tuesday. Imperial Oil has a 1 year low of $48.26 and a 1 year high of $74.58. The firm has a market cap of $36.42 billion, a PE ratio of 10.62 and a beta of 1.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.04.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings data on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.10. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $11.61 billion. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. Analysts expect that Imperial Oil will post 6.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Imperial Oil by 8.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,145 shares of the energy company’s stock worth $216,000 after acquiring an additional 255 shares in the last quarter. Burney Co. raised its stake in Imperial Oil by 3.4% during the first quarter. Burney Co. now owns 27,862 shares of the energy company’s stock worth $1,926,000 after acquiring an additional 908 shares in the last quarter. Virtu Financial LLC acquired a new position in Imperial Oil during the first quarter worth $395,000. Capital World Investors raised its stake in Imperial Oil by 134.0% during the first quarter. Capital World Investors now owns 747,929 shares of the energy company’s stock worth $51,588,000 after acquiring an additional 428,252 shares in the last quarter. Finally, Chou Associates Management Inc. acquired a new position in Imperial Oil during the first quarter worth $353,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Company Profile

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.