Imperial Oil (NYSEAMERICAN:IMO) Upgraded by Wolfe Research to “Outperform” Rating

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was upgraded by research analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued on Monday, Marketbeat Ratings reports.

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

Imperial Oil Trading Up 4.8 %

Imperial Oil stock opened at $67.97 on Monday. The stock has a market cap of $34.60 billion, a PE ratio of 10.31 and a beta of 1.44. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $67.82 and a 200 day moving average price of $69.78. Imperial Oil has a 52 week low of $58.76 and a 52 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 the company. Winch Advisory Services LLC acquired a new stake in shares of Imperial Oil in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Imperial Oil in the 4th quarter valued at $41,000. Group One Trading LLC raised its position in 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 purchasing an additional 173 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of Imperial Oil by 104.0% during the first quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company’s stock worth $92,000 after purchasing an additional 650 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Imperial Oil by 21.0% during the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after purchasing an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

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.