Shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.43.
Several brokerages have commented on IMO. Goldman Sachs Group lowered Imperial Oil from a “buy” rating to a “neutral” rating and upped their price target for the stock from $37.00 to $39.00 in a research note on Thursday, September 26th. Morgan Stanley dropped their price target on Imperial Oil from $39.00 to $38.00 in a research note on Wednesday, October 23rd. Royal Bank of Canada set a $37.00 price target on Imperial Oil and gave the stock a “hold” rating in a research note on Friday, October 18th. AltaCorp Capital lowered Imperial Oil from a “sector perform” rating to an “underperform” rating in a research note on Friday, October 11th. Finally, Raymond James restated a “sell” rating and set a $31.00 price target on shares of Imperial Oil in a research note on Wednesday, November 13th.
Large investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Imperial Oil by 11.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 175,652 shares of the energy company’s stock worth $4,808,000 after purchasing an additional 18,553 shares during the last quarter. Northern Trust Corp raised its stake in Imperial Oil by 3.0% during the 2nd quarter. Northern Trust Corp now owns 420,666 shares of the energy company’s stock valued at $11,640,000 after acquiring an additional 12,237 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in Imperial Oil by 10.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,590 shares of the energy company’s stock valued at $122,000 after acquiring an additional 442 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Imperial Oil by 8.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 263,758 shares of the energy company’s stock valued at $7,298,000 after acquiring an additional 21,469 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in Imperial Oil by 28.0% during the 2nd quarter. APG Asset Management N.V. now owns 546,871 shares of the energy company’s stock valued at $13,325,000 after acquiring an additional 119,500 shares in the last quarter.
NYSEAMERICAN:IMO traded up $0.04 on Friday, hitting $26.91. 14,357 shares of the stock were exchanged, compared to its average volume of 310,033. Imperial Oil has a fifty-two week low of $23.66 and a fifty-two week high of $30.38.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, November 1st. The energy company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.69 billion.
Imperial Oil Company Profile
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.
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