IMO has been the subject of several other research reports. Royal Bank Of Canada restated a hold rating and set a $40.00 price target on shares of Imperial Oil in a report on Monday, October 16th. J P Morgan Chase & Co lowered shares of Imperial Oil from a neutral rating to an underweight rating and set a $38.00 price target for the company. in a report on Thursday, September 14th. Citigroup Inc. reaffirmed a neutral rating on shares of Imperial Oil in a research report on Wednesday, August 2nd. BidaskClub raised shares of Imperial Oil from a sell rating to a hold rating in a research report on Wednesday, September 6th. Finally, Zacks Investment Research downgraded shares of Imperial Oil from a hold rating to a sell rating in a research report on Tuesday, July 18th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $43.00.
Imperial Oil (IMO) remained flat at $32.23 during midday trading on Friday. The company had a trading volume of 53,142 shares. The stock has a market cap of $27.21 billion, a PE ratio of 13.03 and a beta of 1.14. The company has a 50 day moving average price of $31.50 and a 200-day moving average price of $29.72. Imperial Oil has a one year low of $27.59 and a one year high of $36.85.
Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last released its quarterly earnings results on Friday, October 27th. The energy company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). Imperial Oil had a negative return on equity of 1.23% and a negative net margin of 1.10%. The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the business posted $1.18 EPS. On average, analysts expect that Imperial Oil will post $0.81 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, November 30th. Imperial Oil’s payout ratio is currently 170.37%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in Imperial Oil by 0.4% during the 1st quarter. JPMorgan Chase & Co. now owns 110,053 shares of the energy company’s stock worth $3,355,000 after acquiring an additional 447 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Imperial Oil by 8.4% during the 1st quarter. Alliancebernstein L.P. now owns 46,309 shares of the energy company’s stock worth $1,412,000 after acquiring an additional 3,591 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Imperial Oil by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 6,268,027 shares of the energy company’s stock worth $191,175,000 after acquiring an additional 224,715 shares during the last quarter. Geode Capital Management LLC purchased a new position in Imperial Oil during the 1st quarter worth $4,449,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Imperial Oil by 9.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 579,518 shares of the energy company’s stock worth $17,675,000 after acquiring an additional 47,689 shares during the last quarter.
About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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