Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.
Imperial Oil Trading Up 0.7 %
NYSEAMERICAN:IMO traded up $0.46 during mid-day trading on Monday, hitting $71.16. The company had a trading volume of 263,246 shares, compared to its average volume of 417,330. Imperial Oil has a 1 year low of $44.46 and a 1 year high of $74.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.96. The firm has a market capitalization of $38.13 billion, a PE ratio of 11.15 and a beta of 1.48.
Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last announced its earnings results on Friday, April 26th. The energy company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.55 by $0.10. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $11.61 billion. Imperial Oil had a return on equity of 20.71% and a net margin of 9.46%. Research analysts predict that Imperial Oil will post 6.07 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Imperial Oil
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its holdings in Imperial Oil by 52.6% during the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company's stock worth $30,000 after purchasing an additional 180 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Imperial Oil by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company's stock worth $34,000 after buying an additional 225 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Imperial Oil in the fourth quarter valued at $44,000. Assetmark Inc. boosted its stake in Imperial Oil by 938.5% during the 4th quarter. Assetmark Inc. now owns 810 shares of the energy company's stock valued at $46,000 after acquiring an additional 732 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Imperial Oil by 176.6% during the 3rd quarter. Allworth Financial LP now owns 888 shares of the energy company's stock worth $55,000 after acquiring an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 20.74% of the company's stock.
About Imperial Oil
(
Get Free Report)
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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