Imperial Oil Limited (NYSEAMERICAN:IMO) Stock Has Average Price Target of $116.00 According to Brokerages

Key Points

• Analysts are cautious on Imperial Oil: Ten analysts give the stock an average “Reduce” rating, including five sells, four holds and one buy. Their average 12-month price target is $116, below the reported share price of $122.86.
• Imperial Oil exceeded quarterly expectations, reporting $4.52 EPS versus the $2.99 consensus estimate and $11.31 billion in revenue, up 43% year over year.
• The company declared a quarterly dividend of C$0.87, equivalent to C$3.48 annually and a 2.8% yield; institutional investors own 20.74% of its shares.

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO have received an average recommendation of "Reduce" from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $116.00.

Several research firms have recently weighed in on IMO. Raymond James Financial reiterated an "underperform" rating on shares of Imperial Oil in a research note on Wednesday, September 16th. Scotiabank reaffirmed a "sector perform" rating on shares of Imperial Oil in a research note on Friday, July 17th. Zacks Research cut Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 13th. Imperial Capital reiterated a "sell" rating on shares of Imperial Oil in a research note on Tuesday, June 23rd. Finally, UBS Group reissued a "buy" rating on shares of Imperial Oil in a report on Monday, September 14th.

Institutional Trading of Imperial Oil

Hedge funds have recently modified their holdings of the company. Compound Planning Inc. grew its holdings in shares of Imperial Oil by 3.5% during the first quarter. Compound Planning Inc. now owns 2,597 shares of the energy company's stock worth $340,000 after purchasing an additional 88 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Imperial Oil by 1.6% in the first quarter. D.A. Davidson & CO. now owns 5,913 shares of the energy company's stock valued at $774,000 after buying an additional 91 shares during the last quarter. Baron Wealth Management LLC lifted its position in Imperial Oil by 3.2% during the 1st quarter. Baron Wealth Management LLC now owns 4,030 shares of the energy company's stock worth $527,000 after buying an additional 124 shares in the last quarter. Root Financial Partners LLC lifted its position in Imperial Oil by 87.8% during the 4th quarter. Root Financial Partners LLC now owns 293 shares of the energy company's stock worth $25,000 after buying an additional 137 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in Imperial Oil by 20.5% during the 2nd quarter. CoreCap Advisors LLC now owns 954 shares of the energy company's stock worth $107,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 20.74% of the company's stock.

Imperial Oil Stock Performance

Imperial Oil stock opened at $122.86 on Monday. The business has a 50 day moving average price of $129.81 and a two-hundred day moving average price of $126.25. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. Imperial Oil has a 12 month low of $83.27 and a 12 month high of $139.44. The stock has a market cap of $59.17 billion, a price-to-earnings ratio of 19.93 and a beta of 0.46.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last announced its quarterly earnings data on Friday, July 31st. The energy company reported $4.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $1.53. Imperial Oil had a net margin of 8.03% and a return on equity of 22.28%. The company had revenue of $11.31 billion during the quarter, compared to analysts' expectations of $10.92 billion. During the same quarter in the prior year, the company posted $1.86 EPS. The business's revenue was up 43.0% on a year-over-year basis. As a group, equities analysts forecast that Imperial Oil will post 11.19 EPS for the current year.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be given a C$0.87 dividend. The ex-dividend date is Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Imperial Oil's payout ratio is 38.09%.

About Imperial Oil

Imperial Oil Limited is an integrated Canadian energy company engaged in the exploration, production, transportation, refining and marketing of crude oil and natural gas. Its upstream operations include oil sands mining and in situ production, conventional oil and natural gas assets, and an interest in the Syncrude oil sands project.

The company's downstream business operates refineries and produces gasoline, diesel, jet fuel, lubricants, asphalt and other petroleum products. Imperial markets fuels and related products across Canada primarily under the Esso and Mobil brands, serving retail, commercial, industrial and aviation customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.