Imperial Oil Limited (NYSEAMERICAN:IMO) Receives Consensus Rating of “Hold” from Brokerages

Imperial Oil Limited (NYSEAMERICAN:IMOGet Rating) (TSE:IMO) has been given an average rating of “Hold” by the eleven analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $77.38.

A number of research firms have issued reports on IMO. BMO Capital Markets upgraded shares of Imperial Oil from a “market perform” rating to an “outperform” rating and upped their target price for the company from $54.00 to $85.00 in a report on Friday, October 28th. Scotiabank lowered shares of Imperial Oil from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 13th. Royal Bank of Canada upped their target price on shares of Imperial Oil from C$79.00 to C$81.00 in a report on Tuesday, November 8th. TD Securities dropped their price objective on shares of Imperial Oil from C$82.00 to C$81.00 in a research note on Wednesday, December 21st. Finally, JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Monday, December 5th.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $49.16 on Friday. The stock has a market capitalization of $28.72 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 0.24 and a beta of 1.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.06 and a current ratio of 1.23. Imperial Oil has a 12-month low of $38.31 and a 12-month high of $58.99.

Imperial Oil (NYSEAMERICAN:IMOGet Rating) (TSE:IMO) last released its earnings results on Wednesday, November 2nd. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $14.33 billion. Imperial Oil had a net margin of 11.14% and a return on equity of 28.06%. Analysts forecast that Imperial Oil will post 7.57 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 1st. Investors of record on Friday, December 2nd were given a dividend of $0.3226 per share. This represents a $1.29 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, December 1st. This is an increase from Imperial Oil’s previous quarterly dividend of $0.26. Imperial Oil’s dividend payout ratio is 17.15%.

Institutional Trading of Imperial Oil

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Radnor Capital Management LLC acquired a new stake in Imperial Oil during the 4th quarter worth approximately $219,000. Nexus Investment Management ULC boosted its holdings in Imperial Oil by 64.7% in the 4th quarter. Nexus Investment Management ULC now owns 11,846 shares of the energy company’s stock worth $577,000 after acquiring an additional 4,654 shares during the period. Rempart Asset Management Inc. purchased a new position in Imperial Oil in the 4th quarter worth approximately $222,000. Power Corp of Canada purchased a new position in Imperial Oil in the 3rd quarter worth approximately $1,913,000. Finally, SeaCrest Wealth Management LLC boosted its holdings in Imperial Oil by 3.5% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 10,589 shares of the energy company’s stock worth $458,000 after acquiring an additional 362 shares during the period. Institutional investors and hedge funds own 20.76% of the company’s stock.

Imperial Oil Company Profile

(Get Rating)

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 for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.

Further Reading

Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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