Analysts Set Imperial Oil Limited (NYSEAMERICAN:IMO) Price Target at $99.50

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $99.50.

Several research analysts recently weighed in on the stock. Scotiabank restated a “sector perform” rating and issued a $110.00 price objective on shares of Imperial Oil in a research report on Wednesday, September 25th. Wolfe Research began coverage on Imperial Oil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $108.00 target price for the company. Finally, StockNews.com lowered Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th.

Institutional Investors Weigh In On Imperial Oil

Several large investors have recently bought and sold shares of IMO. Allworth Financial LP boosted its position in Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after purchasing an additional 234 shares during the last quarter. Ballentine Partners LLC purchased a new position in Imperial Oil in the third quarter worth about $254,000. Assenagon Asset Management S.A. lifted its position in shares of Imperial Oil by 855.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 35,981 shares of the energy company’s stock valued at $2,534,000 after buying an additional 32,214 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Imperial Oil during the 3rd quarter valued at about $14,890,000. Finally, Greenleaf Trust lifted its position in shares of Imperial Oil by 46.3% during the 3rd quarter. Greenleaf Trust now owns 5,050 shares of the energy company’s stock valued at $356,000 after buying an additional 1,599 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Down 2.0 %

IMO opened at $75.08 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 10.63 and a beta of 1.44. Imperial Oil has a 1 year low of $52.97 and a 1 year high of $80.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings results on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.11. The company had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.50 billion. Imperial Oil had a net margin of 10.05% and a return on equity of 22.73%. Sell-side analysts predict that Imperial Oil will post 6.2 EPS for the current fiscal year.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Wednesday, September 4th were issued a $0.4336 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.73 annualized dividend and a yield of 2.31%. Imperial Oil’s payout ratio is 25.21%.

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.