Imperial Oil Limited (NYSEAMERICAN:IMO – Get Free Report) (TSE:IMO) has earned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $99.50.
A number of equities analysts have recently issued reports on IMO shares. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Scotiabank reissued a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a research report on Wednesday, September 25th. Finally, Wolfe Research began coverage on shares of Imperial Oil in a research note on Thursday, July 18th. They set an “outperform” rating and a $108.00 price target for the company.
Check Out Our Latest Stock Report on Imperial Oil
Imperial Oil Price Performance
Imperial Oil (NYSEAMERICAN:IMO – Get Free Report) (TSE:IMO) last announced its quarterly earnings data on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.11. The company had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.50 billion. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. As a group, equities research analysts expect that Imperial Oil will post 6.2 EPS for the current fiscal year.
Imperial Oil Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.4336 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.73 annualized dividend and a yield of 2.35%. Imperial Oil’s dividend payout ratio is 27.90%.
Institutional Investors Weigh In On Imperial Oil
A number of large investors have recently bought and sold shares of the business. Assetmark Inc. lifted its position in shares of Imperial Oil by 938.5% during the fourth quarter. Assetmark Inc. now owns 810 shares of the energy company’s stock worth $46,000 after purchasing an additional 732 shares in the last quarter. US Bancorp DE boosted its position in Imperial Oil by 7.6% in the 4th quarter. US Bancorp DE now owns 10,550 shares of the energy company’s stock valued at $603,000 after buying an additional 746 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Imperial Oil by 25.7% in the 4th quarter. TD Asset Management Inc now owns 1,124,294 shares of the energy company’s stock valued at $64,357,000 after buying an additional 229,953 shares during the period. J. W. Coons Advisors LLC raised its position in shares of Imperial Oil by 5.0% during the fourth quarter. J. W. Coons Advisors LLC now owns 12,015 shares of the energy company’s stock worth $687,000 after acquiring an additional 575 shares during the last quarter. Finally, Gold Investment Management Ltd. acquired a new position in shares of Imperial Oil during the fourth quarter valued at $1,512,000. 20.74% of the stock is currently owned by institutional investors.
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 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.
Featured Articles
- Five stocks we like better than Imperial Oil
- How to Calculate Options Profits
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- Retail Stocks Investing, Explained
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- What are earnings reports?
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.