Brokerages Set Imperial Oil Limited (NYSEAMERICAN:IMO) PT at $115.00

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) have earned an average rating of “Reduce” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $115.00.

Several analysts have issued reports on the stock. Raymond James Financial downgraded shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. BMO Capital Markets lowered Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Monday, December 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th. Finally, TD Securities reissued a “sell” rating on shares of Imperial Oil in a report on Tuesday, November 4th.

Imperial Oil Stock Performance

Shares of IMO stock opened at $122.55 on Friday. The stock has a fifty day moving average price of $98.47 and a 200 day moving average price of $93.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.17 and a current ratio of 1.47. The stock has a market cap of $59.26 billion, a PE ratio of 26.76 and a beta of 0.70. Imperial Oil has a 1 year low of $58.76 and a 1 year high of $123.52.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 5th will be issued a $0.87 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, March 5th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Imperial Oil’s payout ratio is currently 31.26%.

Hedge Funds Weigh In On Imperial Oil

Several institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC boosted its position in Imperial Oil by 87.8% during the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock worth $25,000 after acquiring an additional 137 shares during the last quarter. McMillan Office Inc. purchased a new position in shares of Imperial Oil during the 4th quarter worth $26,000. IMG Wealth Management Inc. acquired a new stake in shares of Imperial Oil during the second quarter worth $28,000. MAI Capital Management boosted its holdings in shares of Imperial Oil by 2,275.0% during the second quarter. MAI Capital Management now owns 380 shares of the energy company’s stock worth $30,000 after purchasing an additional 364 shares during the last quarter. Finally, Westside Investment Management Inc. grew its position in shares of Imperial Oil by 100.0% in the third quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.