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

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have received an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $85.33.

Separately, StockNews.com raised shares of Imperial Oil from a “hold” rating to a “buy” rating in a research note on Sunday.

Imperial Oil Stock Performance

Shares of IMO opened at $68.05 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 0.96. Imperial Oil has a twelve month low of $44.46 and a twelve month high of $74.58. The company has a market capitalization of $36.46 billion, a price-to-earnings ratio of 10.67 and a beta of 1.47.

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

Imperial Oil Cuts Dividend

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

Institutional Trading of Imperial Oil

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Imperial Oil by 95.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,597,474 shares of the energy company’s stock worth $376,421,000 after purchasing an additional 3,225,957 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Imperial Oil by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,371,517 shares of the energy company’s stock worth $209,148,000 after purchasing an additional 1,801,671 shares during the last quarter. FMR LLC raised its holdings in shares of Imperial Oil by 3.6% in the third quarter. FMR LLC now owns 28,557,885 shares of the energy company’s stock worth $1,758,993,000 after acquiring an additional 1,001,847 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Imperial Oil by 27.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,737,291 shares of the energy company’s stock valued at $168,591,000 after acquiring an additional 589,017 shares in the last quarter. Finally, QV Investors Inc. acquired a new stake in shares of Imperial Oil during the third quarter valued at $32,674,000. Institutional investors and hedge funds 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.