Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO was upgraded by equities research analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research report issued on Monday, Marketbeat.com reports.
Several other research analysts have also commented on the stock. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Raymond James raised Imperial Oil from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. The Goldman Sachs Group downgraded Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $101.00 target price on shares of Imperial Oil in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $106.33.
Get Our Latest Stock Report on Imperial Oil
Imperial Oil Stock Up 1.1 %
Shares of NYSEAMERICAN:IMO traded up $0.78 during midday trading on Monday, reaching $68.92. The company had a trading volume of 406,014 shares, compared to its average volume of 449,404. The stock has a market capitalization of $35.08 billion, a P/E ratio of 10.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. Imperial Oil has a one year low of $58.76 and a one year high of $80.17. The stock's fifty day moving average price is $67.76 and its 200-day moving average price is $69.76.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in IMO. Winch Advisory Services LLC bought a new stake in Imperial Oil in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Imperial Oil in the 4th quarter worth approximately $41,000. Group One Trading LLC lifted its stake in Imperial Oil by 29.7% during the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock valued at $47,000 after purchasing an additional 173 shares during the last quarter. Continuum Advisory LLC bought a new stake in Imperial Oil during the first quarter worth approximately $71,000. Finally, AdvisorNet Financial Inc grew its position in Imperial Oil by 104.0% in the first quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company's stock worth $92,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 20.74% of the company's stock.
Imperial Oil Company Profile
(
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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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