Shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) have been given an average rating of “Hold” by the nineteen ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $39.33.

Several brokerages have commented on IMO. Zacks Investment Research downgraded shares of Imperial Oil from a “hold” rating to a “strong sell” rating and set a $27.00 target price for the company. in a research note on Wednesday, August 7th. TheStreet downgraded shares of Imperial Oil from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Imperial Oil by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,087,250 shares of the energy company’s stock valued at $27,529,000 after buying an additional 75,187 shares during the period. SG Americas Securities LLC purchased a new position in Imperial Oil in the 1st quarter worth approximately $821,000. Candriam Luxembourg S.C.A. lifted its holdings in Imperial Oil by 9.2% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 19,837 shares of the energy company’s stock worth $542,000 after purchasing an additional 1,667 shares in the last quarter. Signition LP lifted its holdings in Imperial Oil by 170.8% in the 1st quarter. Signition LP now owns 26,000 shares of the energy company’s stock worth $712,000 after purchasing an additional 16,400 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in Imperial Oil by 1.5% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 110,654 shares of the energy company’s stock worth $4,037,000 after purchasing an additional 1,600 shares in the last quarter.

Shares of NYSEAMERICAN:IMO traded down $0.30 on Friday, hitting $26.59. 283,377 shares of the company were exchanged, compared to its average volume of 310,191. Imperial Oil has a one year low of $23.71 and a one year high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings data on Friday, August 2nd. The energy company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the firm posted $0.24 EPS.

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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