Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO was downgraded by analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a report released on Friday, MarketBeat.com reports.
A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of Imperial Oil from a "neutral" rating to an "underweight" rating in a research report on Thursday, December 19th. Scotiabank reaffirmed a "sector perform" rating and set a $110.00 price target on shares of Imperial Oil in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $109.00.
Check Out Our Latest Report on IMO
Imperial Oil Stock Performance
IMO traded down $0.11 on Friday, reaching $62.41. 708,364 shares of the stock were exchanged, compared to its average volume of 605,132. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. The stock has a market cap of $31.99 billion, a P/E ratio of 9.30 and a beta of 1.42. Imperial Oil has a fifty-two week low of $54.58 and a fifty-two week high of $80.17.
Institutional Investors Weigh In On Imperial Oil
A number of institutional investors have recently added to or reduced their stakes in IMO. BNP Paribas Financial Markets purchased a new position in shares of Imperial Oil in the third quarter valued at approximately $28,000. Grove Bank & Trust lifted its holdings in Imperial Oil by 438.0% in the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company's stock valued at $38,000 after purchasing an additional 438 shares in the last quarter. Allworth Financial LP boosted its stake in Imperial Oil by 21.0% during the 3rd quarter. Allworth Financial LP now owns 1,347 shares of the energy company's stock worth $95,000 after purchasing an additional 234 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Imperial Oil during the third quarter worth $101,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Imperial Oil in the third quarter valued at about $137,000. Institutional investors and hedge funds own 20.74% of the company's stock.
Imperial Oil Company Profile
(
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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