Imperial Oil (NYSEAMERICAN:IMO) Upgraded at Raymond James

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO was upgraded by equities researchers at Raymond James from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

IMO has been the subject of several other research reports. JPMorgan Chase & Co. downgraded Imperial Oil from a "neutral" rating to an "underweight" rating in a research note on Thursday, December 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $101.00 price target on shares of Imperial Oil in a report on Thursday, April 3rd. The Goldman Sachs Group cut shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Wolfe Research cut shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Finally, Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $106.33.

Imperial Oil Stock Performance

IMO traded down $0.38 during trading on Wednesday, reaching $62.20. 537,502 shares of the company's stock were exchanged, compared to its average volume of 442,334. The company's fifty day simple moving average is $68.41 and its 200-day simple moving average is $70.04. The stock has a market capitalization of $31.66 billion, a P/E ratio of 9.44 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 1 year low of $58.76 and a 1 year high of $80.17.

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Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of Imperial Oil by 9.1% in the third quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company's stock valued at $59,502,000 after purchasing an additional 70,357 shares during the period. Mediolanum International Funds Ltd grew its stake in shares of Imperial Oil by 42.8% in the 4th quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company's stock valued at $874,000 after buying an additional 4,308 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Imperial Oil by 29.0% during the 4th quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company's stock worth $58,212,000 after buying an additional 212,707 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Imperial Oil during the 3rd quarter valued at approximately $28,000. Finally, Barclays PLC lifted its holdings in Imperial Oil by 27.8% in the third quarter. Barclays PLC now owns 2,838 shares of the energy company's stock valued at $200,000 after acquiring an additional 617 shares during the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Imperial Oil Company Profile

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.