Imperial Oil (NYSEAMERICAN:IMO – Get Free Report) (TSE:IMO) issued its quarterly earnings data on Friday. The energy company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.25, reports. The firm had revenue of $10.38 billion during the quarter, compared to analysts’ expectations of $13.41 billion. Imperial Oil had a return on equity of 22.33% and a net margin of 10.03%.
Imperial Oil Trading Down 2.0 %
Shares of IMO stock opened at $57.65 on Monday. The stock has a market capitalization of $32.67 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.39 and a beta of 1.52. The business’s 50 day simple moving average is $49.06. The company has a quick ratio of 1.26, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. Imperial Oil has a 12-month low of $44.22 and a 12-month high of $63.07.
Wall Street Analysts Forecast Growth
IMO has been the subject of a number of analyst reports. CIBC upped their price objective on Imperial Oil from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 29th. StockNews.com assumed coverage on Imperial Oil in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, UBS Group assumed coverage on Imperial Oil in a research note on Wednesday, July 12th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.25.
Hedge Funds Weigh In On Imperial Oil
A number of hedge funds have recently bought and sold shares of IMO. Spire Wealth Management lifted its position in shares of Imperial Oil by 189.6% in the first quarter. Spire Wealth Management now owns 724 shares of the energy company’s stock valued at $37,000 after acquiring an additional 474 shares in the last quarter. BNP Paribas Arbitrage SNC purchased a new position in Imperial Oil during the third quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. lifted its position in Imperial Oil by 229.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,724 shares of the energy company’s stock worth $84,000 after buying an additional 1,200 shares in the last quarter. IFP Advisors Inc lifted its position in Imperial Oil by 149.3% during the first quarter. IFP Advisors Inc now owns 2,687 shares of the energy company’s stock worth $88,000 after buying an additional 1,609 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Imperial Oil by 8.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,713 shares of the energy company’s stock worth $139,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.
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 for, and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment is involved in the transportation and refining of crude oil, blending of refined products, and the distribution and marketing of refined products.
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