Imperial Oil (NYSEAMERICAN:IMO) Downgraded to Peer Perform Rating by Wolfe Research

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was downgraded by equities researchers at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Friday,Briefing.com Automated Import reports.

Several other equities research analysts also recently weighed in on IMO. Scotiabank restated a “sector perform” rating and set a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $109.00.

Imperial Oil Stock Up 1.5 %

NYSEAMERICAN IMO opened at $62.52 on Friday. 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 capitalization of $32.05 billion, a price-to-earnings ratio of 9.32 and a beta of 1.42. Imperial Oil has a 12 month low of $54.58 and a 12 month high of $80.17.

Institutional Investors Weigh In On Imperial Oil

Several institutional investors have recently modified their holdings of IMO. BNP Paribas Financial Markets acquired a new stake in Imperial Oil in the 3rd quarter valued at about $28,000. Grove Bank & Trust grew 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 purchasing an additional 438 shares during the last quarter. Allworth Financial LP increased its stake in shares of 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 in the last quarter. Oakworth Capital Inc. purchased a new stake in Imperial Oil in the 3rd quarter valued at approximately $101,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Imperial Oil during the 3rd quarter valued at $137,000. Hedge funds and other 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.