Imperial Oil (NYSEAMERICAN:IMO) Stock Rating Lowered by StockNews.com

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Separately, Raymond James upgraded Imperial Oil to a “hold” rating in a research note on Tuesday, May 28th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $85.33.

Imperial Oil Stock Performance

IMO opened at $68.71 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.04. Imperial Oil has a 52 week low of $48.26 and a 52 week high of $74.58. The company has a market capitalization of $36.82 billion, a PE ratio of 10.77 and a beta of 1.47.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings data 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 analyst estimates of $11.61 billion. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. As a group, analysts expect that Imperial Oil will post 6.29 EPS for the current year.

Institutional Trading of Imperial Oil

Several hedge funds have recently bought and sold shares of IMO. NewEdge Wealth LLC raised its position in shares of Imperial Oil by 67.0% during the fourth quarter. NewEdge Wealth LLC now owns 29,218 shares of the energy company’s stock valued at $1,671,000 after buying an additional 11,717 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Imperial Oil by 137.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,842 shares of the energy company’s stock valued at $5,086,000 after buying an additional 51,449 shares in the last quarter. Seven Eight Capital LP bought a new stake in Imperial Oil in the 3rd quarter worth approximately $269,000. Wellington Management Group LLP increased its position in Imperial Oil by 11.1% in the fourth quarter. Wellington Management Group LLP now owns 197,264 shares of the energy company’s stock worth $11,292,000 after purchasing an additional 19,731 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Imperial Oil in the 4th quarter worth about $5,124,000. 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.