TD Securities reissued their hold rating on shares of Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) in a research note released on Monday morning. They currently have a $37.00 price objective on the energy company’s stock.

Several other equities analysts also recently weighed in on IMO. TheStreet downgraded shares of Imperial Oil from a b- rating to a c rating in a report on Monday, September 17th. CIBC started coverage on shares of Imperial Oil in a report on Friday, October 5th. They set a sector underperform rating on the stock. Zacks Investment Research raised shares of Imperial Oil from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Tuesday, October 9th. Tudor Pickering upgraded shares of Imperial Oil from a hold rating to a buy rating in a research report on Thursday, October 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Imperial Oil currently has an average rating of Hold and a consensus price target of $43.20.

NYSEAMERICAN:IMO traded down $0.14 during trading hours on Monday, hitting $26.64. 4,067 shares of the stock traded hands, compared to its average volume of 463,210. Imperial Oil has a 1 year low of $24.29 and a 1 year high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings results on Friday, November 2nd. The energy company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $10.67 billion. During the same period in the prior year, the firm earned $0.44 EPS. Imperial Oil’s revenue for the quarter was up 36.0% compared to the same quarter last year.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its position in Imperial Oil by 0.9% in the third quarter. Vanguard Group Inc now owns 7,134,019 shares of the energy company’s stock worth $230,928,000 after purchasing an additional 66,468 shares during the last quarter. Vanguard Group Inc. increased its position in Imperial Oil by 0.9% during the third quarter. Vanguard Group Inc. now owns 7,134,019 shares of the energy company’s stock valued at $230,928,000 after acquiring an additional 66,468 shares during the last quarter. Nordea Investment Management AB bought a new position in Imperial Oil during the third quarter valued at $4,595,000. Neuberger Berman Group LLC increased its position in Imperial Oil by 20.2% during the third quarter. Neuberger Berman Group LLC now owns 34,255 shares of the energy company’s stock valued at $1,109,000 after acquiring an additional 5,767 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Imperial Oil by 0.4% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 769,600 shares of the energy company’s stock valued at $32,169,000 after acquiring an additional 2,700 shares during the last quarter.

Imperial Oil Company Profile

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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