Imperial Oil (NYSEAMERICAN:IMO) Rating Increased to Outperform at Wolfe Research

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research report issued on Monday, MarketBeat.com reports.

A number of other research firms have also weighed in on IMO. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Raymond James upgraded Imperial Oil from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $101.00 target price on shares of Imperial Oil in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group cut Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $106.33.

Imperial Oil Price Performance

Shares of IMO traded up $0.78 during trading hours on Monday, reaching $68.92. The stock had a trading volume of 406,014 shares, compared to its average volume of 449,137. The stock has a market capitalization of $35.08 billion, a PE ratio of 10.46 and a beta of 1.44. Imperial Oil has a 12 month low of $58.76 and a 12 month high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. The company's 50-day moving average is $67.80 and its two-hundred day moving average is $69.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in shares of Imperial Oil by 2.0% during the fourth quarter. Signaturefd LLC now owns 7,648 shares of the energy company's stock valued at $471,000 after acquiring an additional 150 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Imperial Oil by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company's stock worth $241,000 after buying an additional 163 shares during the last quarter. Group One Trading LLC lifted its stake in shares of Imperial Oil by 29.7% in the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock valued at $47,000 after buying an additional 173 shares in the last quarter. Gold Investment Management Ltd. grew its holdings in shares of Imperial Oil by 0.6% during the first quarter. Gold Investment Management Ltd. now owns 28,082 shares of the energy company's stock valued at $2,029,000 after buying an additional 178 shares during the last quarter. Finally, OLD National Bancorp IN increased its position in shares of Imperial Oil by 5.0% during the fourth quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company's stock worth $241,000 after acquiring an additional 187 shares in the last quarter. 20.74% of the stock is owned by institutional investors.

About Imperial Oil

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.