Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) has been given an average rating of “Hold” by the nineteen research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $41.80.

Several equities analysts have issued reports on the stock. TheStreet upgraded shares of Imperial Oil from a “c+” rating to a “b-” rating in a research report on Monday, April 22nd. Zacks Investment Research cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Credit Suisse Group restated a “hold” rating on shares of Imperial Oil in a research report on Friday, April 12th. Raymond James reaffirmed an “average” rating and issued a $44.00 price objective on shares of Imperial Oil in a research note on Wednesday, March 20th. Finally, Morgan Stanley set a $42.00 price objective on shares of Imperial Oil and gave the company a “hold” rating in a research note on Tuesday, January 29th.

Shares of NYSEAMERICAN IMO opened at $28.33 on Friday. Imperial Oil has a 52-week low of $24.29 and a 52-week high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, April 26th. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.09). The business had revenue of $7.98 billion for the quarter, compared to analysts’ expectations of $8.21 billion. During the same period in the prior year, the business posted $0.62 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis.

Several large investors have recently bought and sold shares of IMO. Norges Bank bought a new stake in shares of Imperial Oil in the 4th quarter valued at $96,167,000. FMR LLC boosted its stake in Imperial Oil by 23.2% during the fourth quarter. FMR LLC now owns 10,872,652 shares of the energy company’s stock worth $275,479,000 after acquiring an additional 2,046,952 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Imperial Oil by 66.7% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,282,900 shares of the energy company’s stock worth $44,376,000 after acquiring an additional 513,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Imperial Oil by 688.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 407,080 shares of the energy company’s stock worth $10,310,000 after acquiring an additional 355,437 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Imperial Oil by 36.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,311,927 shares of the energy company’s stock worth $33,277,000 after acquiring an additional 353,515 shares in the last quarter.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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