Analysts Set Imperial Oil Ltd (IMO) Price Target at $45.25

Shares of Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) have been given an average rating of “Hold” by the eighteen ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $45.25.

A number of research analysts have issued reports on IMO shares. BidaskClub upgraded Imperial Oil from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. National Bank Financial started coverage on Imperial Oil in a research note on Tuesday, June 27th. They set a “sector perform” rating for the company. UBS AG cut Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. cut Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Finally, Barclays PLC upgraded Imperial Oil from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 11th.

Several institutional investors and hedge funds have recently modified their holdings of IMO. Wells Fargo & Company MN grew its holdings in shares of Imperial Oil by 65.2% in the first quarter. Wells Fargo & Company MN now owns 79,719 shares of the energy company’s stock worth $2,432,000 after acquiring an additional 31,474 shares during the period. First Trust Advisors LP grew its holdings in shares of Imperial Oil by 8.5% in the first quarter. First Trust Advisors LP now owns 16,310 shares of the energy company’s stock worth $497,000 after acquiring an additional 1,273 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Imperial Oil by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 533,127 shares of the energy company’s stock worth $16,260,000 after acquiring an additional 10,132 shares during the period. Comerica Bank grew its holdings in shares of Imperial Oil by 1.3% in the first quarter. Comerica Bank now owns 13,983 shares of the energy company’s stock worth $411,000 after acquiring an additional 181 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Imperial Oil by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 106,485 shares of the energy company’s stock worth $3,248,000 after acquiring an additional 4,252 shares during the period.

Shares of Imperial Oil (NYSEMKT IMO) traded up 1.64% during midday trading on Friday, reaching $31.70. The company had a trading volume of 184,471 shares. The company has a market capitalization of $26.76 billion, a P/E ratio of 12.11 and a beta of 1.14. Imperial Oil has a one year low of $27.59 and a one year high of $36.85. The company has a 50-day moving average price of $30.74 and a 200 day moving average price of $29.63.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last released its earnings results on Friday, July 28th. The energy company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.30). The firm had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $8.40 billion. Imperial Oil had a negative net margin of 1.10% and a negative return on equity of 1.23%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.21) EPS. Equities analysts anticipate that Imperial Oil will post $0.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 1st were paid a $0.1279 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.51 annualized dividend and a dividend yield of 1.64%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.12. Imperial Oil’s payout ratio is currently 170.37%.

ILLEGAL ACTIVITY NOTICE: “Analysts Set Imperial Oil Ltd (IMO) Price Target at $45.25” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/analysts-set-imperial-oil-ltd-imo-price-target-at-45-25.html.

Imperial Oil Company Profile

Imperi

A number of research analysts have issued reports on IMO shares. BidaskClub upgraded Imperial Oil from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. National Bank Financial started coverage on Imperial Oil in a research note on Tuesday, June 27th. They set a “sector perform” rating for the company. UBS AG cut Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. cut Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Finally, Barclays PLC upgraded Imperial Oil from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 11th.

Several institutional investors and hedge funds have recently modified their holdings of IMO. Wells Fargo & Company MN grew its holdings in shares of Imperial Oil by 65.2% in the first quarter. Wells Fargo & Company MN now owns 79,719 shares of the energy company’s stock worth $2,432,000 after acquiring an additional 31,474 shares during the period. First Trust Advisors LP grew its holdings in shares of Imperial Oil by 8.5% in the first quarter. First Trust Advisors LP now owns 16,310 shares of the energy company’s stock worth $497,000 after acquiring an additional 1,273 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Imperial Oil by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 533,127 shares of the energy company’s stock worth $16,260,000 after acquiring an additional 10,132 shares during the period. Comerica Bank grew its holdings in shares of Imperial Oil by 1.3% in the first quarter. Comerica Bank now owns 13,983 shares of the energy company’s stock worth $411,000 after acquiring an additional 181 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Imperial Oil by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 106,485 shares of the energy company’s stock worth $3,248,000 after acquiring an additional 4,252 shares during the period.

Shares of Imperial Oil (NYSEMKT IMO) traded up 1.64% during midday trading on Friday, reaching $31.70. The company had a trading volume of 184,471 shares. The company has a market capitalization of $26.76 billion, a P/E ratio of 12.11 and a beta of 1.14. Imperial Oil has a one year low of $27.59 and a one year high of $36.85. The company has a 50-day moving average price of $30.74 and a 200 day moving average price of $29.63.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last released its earnings results on Friday, July 28th. The energy company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.30). The firm had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $8.40 billion. Imperial Oil had a negative net margin of 1.10% and a negative return on equity of 1.23%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.21) EPS. Equities analysts anticipate that Imperial Oil will post $0.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 1st were paid a $0.1279 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.51 annualized dividend and a dividend yield of 1.64%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.12. Imperial Oil’s payout ratio is currently 170.37%.

ILLEGAL ACTIVITY NOTICE: “Analysts Set Imperial Oil Ltd (IMO) Price Target at $45.25” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/analysts-set-imperial-oil-ltd-imo-price-target-at-45-25.html.

Imperial Oil Company Profile

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

Analyst Recommendations for Imperial Oil (NYSEMKT:IMO)

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