Imperial Oil (NYSEAMERICAN:IMO) Lifted to Buy at StockNews.com

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO traded up $0.46 during trading hours on Monday, reaching $71.16. The company had a trading volume of 263,246 shares, compared to its average volume of 417,330. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.96. Imperial Oil has a one year low of $44.46 and a one year high of $74.58. The stock has a market capitalization of $38.13 billion, a price-to-earnings ratio of 11.15 and a beta of 1.48.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its earnings results on Friday, April 26th. The energy company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.55 by $0.10. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $11.61 billion. Imperial Oil had a net margin of 9.46% and a return on equity of 20.71%. As a group, analysts predict that Imperial Oil will post 6.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Imperial Oil

Several institutional investors have recently bought and sold shares of IMO. AdvisorNet Financial Inc grew its holdings in shares of Imperial Oil by 52.6% during the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock worth $30,000 after purchasing an additional 180 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Imperial Oil by 84.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock worth $34,000 after acquiring an additional 225 shares during the last quarter. Sigma Planning Corp increased its position in Imperial Oil by 3.0% in the 3rd quarter. Sigma Planning Corp now owns 8,450 shares of the energy company’s stock valued at $520,000 after acquiring an additional 246 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Imperial Oil by 3.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,313 shares of the energy company’s stock worth $635,000 after acquiring an additional 324 shares during the last quarter. Finally, Clarius Group LLC lifted its position in shares of Imperial Oil by 6.0% during the fourth quarter. Clarius Group LLC now owns 7,104 shares of the energy company’s stock worth $406,000 after purchasing an additional 402 shares in the last quarter. 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.