Imperial Oil (NYSEAMERICAN:IMO – Get Free Report) TSE: IMO was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
Separately, Raymond James upgraded shares of Imperial Oil to a “hold” rating in a report on Tuesday, May 28th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $85.33.
Imperial Oil Stock Down 0.4 %
Shares of Imperial Oil stock traded down $0.28 during trading hours on Tuesday, reaching $68.47. 351,486 shares of the company were exchanged, compared to its average volume of 396,239. The firm has a market capitalization of $36.69 billion, a P/E ratio of 10.73 and a beta of 1.45. Imperial Oil has a 1 year low of $48.20 and a 1 year high of $74.58. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17.
Imperial Oil (NYSEAMERICAN:IMO – Get Free Report) TSE: IMO last posted its quarterly earnings data on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.10. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $11.61 billion. As a group, equities analysts expect that Imperial Oil will post 6.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Imperial Oil
Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Imperial Oil by 95.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,597,474 shares of the energy company’s stock worth $376,421,000 after purchasing an additional 3,225,957 shares during the period. TD Asset Management Inc grew its holdings in Imperial Oil by 201.0% during the first quarter. TD Asset Management Inc now owns 3,384,060 shares of the energy company’s stock worth $233,640,000 after acquiring an additional 2,259,766 shares during the period. Capital World Investors raised its position in shares of Imperial Oil by 134.0% in the first quarter. Capital World Investors now owns 747,929 shares of the energy company’s stock worth $51,588,000 after acquiring an additional 428,252 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Imperial Oil by 1.4% during the 4th quarter. First Eagle Investment Management LLC now owns 22,495,313 shares of the energy company’s stock valued at $1,281,608,000 after buying an additional 316,009 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Imperial Oil by 35.6% in the 4th quarter. Point72 Asset Management L.P. now owns 1,120,229 shares of the energy company’s stock worth $63,913,000 after buying an additional 293,910 shares during the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.
About Imperial Oil
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.