Imperial Oil (NYSEAMERICAN:IMO) Lowered to Hold Rating by Raymond James Financial

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO was downgraded by equities researchers at Raymond James Financial from a "moderate buy" rating to a "hold" rating in a research note issued on Thursday,Zacks.com reports.

A number of other research firms also recently weighed in on IMO. Desjardins downgraded shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Wolfe Research upgraded shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research note on Monday, April 21st. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $101.00 price objective on shares of Imperial Oil in a research note on Thursday, April 3rd. Finally, Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Imperial Oil presently has a consensus rating of "Hold" and a consensus target price of $106.33.

Imperial Oil Stock Up 0.6%

Imperial Oil stock opened at $81.43 on Thursday. Imperial Oil has a twelve month low of $58.76 and a twelve month high of $82.85. The firm has a 50 day moving average price of $74.34 and a 200-day moving average price of $70.39. The company has a market capitalization of $41.45 billion, a P/E ratio of 12.17 and a beta of 0.89. The company has a quick ratio of 1.22, a current ratio of 1.48 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Yousif Capital Management LLC bought a new position in Imperial Oil in the 1st quarter valued at $226,000. JPMorgan Chase & Co. lifted its holdings in shares of Imperial Oil by 29.0% during the 4th quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company's stock worth $58,212,000 after acquiring an additional 212,707 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Imperial Oil by 198.9% during the 1st quarter. Bessemer Group Inc. now owns 23,690 shares of the energy company's stock worth $1,713,000 after acquiring an additional 15,765 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Imperial Oil during the 4th quarter worth $258,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Imperial Oil by 8.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 63,193 shares of the energy company's stock worth $3,893,000 after acquiring an additional 5,181 shares during the last quarter. 20.74% of the stock is owned by 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.

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