Imperial Oil Limited (NYSEAMERICAN:IMO) Receives $85.33 Consensus Target Price from Analysts

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $85.33.

Separately, StockNews.com raised Imperial Oil from a “hold” rating to a “buy” rating in a research note on Monday, April 29th.

Imperial Oil Stock Performance

IMO stock opened at $68.07 on Monday. The firm has a market capitalization of $36.47 billion, a PE ratio of 10.67 and a beta of 1.47. The company has a quick ratio of 0.96, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. Imperial Oil has a one year low of $44.46 and a one year high of $74.58.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings results on Friday, April 26th. The energy company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.55 by $0.10. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. As a group, equities analysts anticipate that Imperial Oil will post 6.07 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a $0.4377 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.75 annualized dividend and a yield of 2.57%. Imperial Oil’s dividend payout ratio is currently 27.74%.

Hedge Funds Weigh In On Imperial Oil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gold Investment Management Ltd. boosted its holdings in Imperial Oil by 3.1% in the 1st quarter. Gold Investment Management Ltd. now owns 27,365 shares of the energy company’s stock worth $1,888,000 after acquiring an additional 819 shares during the period. Mediolanum International Funds Ltd purchased a new position in Imperial Oil in the 1st quarter worth approximately $798,000. FORA Capital LLC purchased a new position in shares of Imperial Oil during the 1st quarter valued at approximately $251,000. Blue Trust Inc. boosted its stake in shares of Imperial Oil by 7.1% during the 1st quarter. Blue Trust Inc. now owns 7,415 shares of the energy company’s stock valued at $513,000 after buying an additional 491 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Imperial Oil during the 1st quarter valued at approximately $242,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

About Imperial Oil

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.