Imperial Oil (NYSEAMERICAN:IMO) Sets New 1-Year High - What's Next?

Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO's stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $79.73 and last traded at $79.57, with a volume of 102985 shares. The stock had previously closed at $78.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wolfe Research assumed coverage on Imperial Oil in a research report on Thursday, July 18th. They set an "outperform" rating and a $108.00 price objective for the company. StockNews.com lowered Imperial Oil from a "buy" rating to a "hold" rating in a research report on Wednesday, August 28th. Finally, Scotiabank restated a "sector perform" rating and set a $110.00 price objective on shares of Imperial Oil in a research report on Wednesday, September 25th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $99.50.

Imperial Oil Trading Down 0.0 %

The stock has a market cap of $41.38 billion, a PE ratio of 11.09 and a beta of 1.44. The company has a quick ratio of 1.16, a current ratio of 1.40 and a debt-to-equity ratio of 0.17.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last announced its quarterly earnings results on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.11. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. The firm had revenue of $9.78 billion for the quarter, compared to analysts' expectations of $10.50 billion. On average, analysts predict that Imperial Oil Limited will post 6.2 EPS for the current year.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Wednesday, September 4th were paid a $0.4336 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Wednesday, September 4th. Imperial Oil's dividend payout ratio is currently 25.21%.

Institutional Investors Weigh In On Imperial Oil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RFP Financial Group LLC acquired a new position in Imperial Oil during the second quarter valued at approximately $25,000. Hexagon Capital Partners LLC lifted its position in shares of Imperial Oil by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company's stock valued at $34,000 after buying an additional 225 shares during the last quarter. Grove Bank & Trust lifted its position in shares of Imperial Oil by 438.0% in the third quarter. Grove Bank & Trust now owns 538 shares of the energy company's stock valued at $38,000 after buying an additional 438 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Imperial Oil in the first quarter valued at approximately $46,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Imperial Oil by 43.8% in the second quarter. Cubist Systematic Strategies LLC now owns 2,300 shares of the energy company's stock valued at $157,000 after buying an additional 700 shares during the last quarter. Institutional investors own 20.74% of the company's stock.

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.