TD Securities Reiterates “Hold” Rating for Imperial Oil (IMO)

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO)‘s stock had its “hold” rating restated by analysts at TD Securities in a report issued on Thursday.

IMO has been the topic of several other research reports. Zacks Investment Research upgraded shares of Imperial Oil from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, October 9th. TheStreet upgraded shares of Imperial Oil from a “c” rating to a “b-” rating in a research report on Friday, October 5th. CIBC began coverage on shares of Imperial Oil in a research report on Friday, October 5th. They issued a “sector underperform” rating on the stock. Barclays upgraded shares of Imperial Oil from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, July 11th. Finally, Canaccord Genuity upgraded shares of Imperial Oil from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Imperial Oil presently has a consensus rating of “Hold” and a consensus target price of $45.25.

Imperial Oil stock opened at $31.05 on Thursday. Imperial Oil has a 1 year low of $25.91 and a 1 year high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, November 2nd. The energy company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $10.67 billion. The company’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its position in Imperial Oil by 601,000.0% in the third quarter. Canada Pension Plan Investment Board now owns 60,110 shares of the energy company’s stock worth $1,944,000 after purchasing an additional 60,100 shares during the last quarter. BlackRock Inc. increased its position in Imperial Oil by 506.6% during the third quarter. BlackRock Inc. now owns 9,705 shares of the energy company’s stock valued at $314,000 after acquiring an additional 8,105 shares during the last quarter. Todd Asset Management LLC bought a new position in Imperial Oil during the third quarter valued at $2,910,000. Hillsdale Investment Management Inc. increased its position in Imperial Oil by 25.0% during the third quarter. Hillsdale Investment Management Inc. now owns 103,890 shares of the energy company’s stock valued at $3,362,000 after acquiring an additional 20,800 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Imperial Oil by 2.3% during the third quarter. Janus Henderson Group PLC now owns 76,710 shares of the energy company’s stock valued at $2,488,000 after acquiring an additional 1,750 shares during the last quarter.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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