Imperial Oil Limited (NYSEAMERICAN:IMO) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Analyst consensus is “Reduce”: Five of nine analysts rate Imperial Oil a sell, three recommend holding, and one gives it a strong-buy rating. The average 12-month price target is $116, below the reported share price of $124.95.
• Imperial Oil shares were down 1.1% and trade within a 12-month range of $82.45 to $139.44. Institutional investors and hedge funds own 20.74% of the company.
• The company declared a quarterly dividend of $0.87 per share, equivalent to $3.48 annually and a 2.8% yield, with a payout ratio of 38.24%.

Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO has been given an average recommendation of "Reduce" by the nine analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $116.00.

Several equities analysts have issued reports on IMO shares. Desjardins raised shares of Imperial Oil to a "hold" rating in a report on Thursday, July 16th. Zacks Research raised Imperial Oil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 15th. Imperial Capital restated a "sell" rating on shares of Imperial Oil in a research note on Tuesday, June 23rd. TD Securities restated a "sell" rating on shares of Imperial Oil in a research note on Wednesday. Finally, Scotiabank reissued a "sector perform" rating on shares of Imperial Oil in a report on Friday, July 17th.

Institutional Investors Weigh In On Imperial Oil

Several institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC boosted its stake in shares of Imperial Oil by 87.8% in 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. acquired a new position in shares of Imperial Oil during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of Imperial Oil by 23.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company's stock worth $46,000 after purchasing an additional 101 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Imperial Oil by 737.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company's stock valued at $46,000 after purchasing an additional 450 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Imperial Oil in the third quarter valued at approximately $54,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Trading Down 1.1%

Shares of NYSEAMERICAN:IMO opened at $124.95 on Friday. The business's fifty day simple moving average is $120.64 and its 200-day simple moving average is $121.48. Imperial Oil has a 12-month low of $82.45 and a 12-month high of $139.44. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $60.42 billion, a PE ratio of 20.27 and a beta of 0.45.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. Imperial Oil's dividend payout ratio (DPR) is 38.24%.

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.

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