Imperial Oil (NYSEAMERICAN:IMO) Lowered to Sell Rating by The Goldman Sachs Group

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was downgraded by stock analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued on Thursday,Briefing.com Automated Import reports.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, Scotiabank raised Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, Imperial Oil currently has an average rating of “Hold” and an average price target of $109.00.

Imperial Oil Stock Down 0.2 %

Shares of Imperial Oil stock opened at $73.16 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. Imperial Oil has a 12-month low of $60.95 and a 12-month high of $80.17. The firm has a market capitalization of $37.24 billion, a P/E ratio of 11.10 and a beta of 1.44. The business’s 50-day moving average price is $69.08.

Institutional Trading of Imperial Oil

A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Imperial Oil by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock valued at $59,502,000 after buying an additional 70,357 shares during the last quarter. Mediolanum International Funds Ltd increased its position in Imperial Oil by 42.8% in the 4th quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company’s stock valued at $874,000 after acquiring an additional 4,308 shares during the period. Bridgewater Associates LP raised its stake in shares of Imperial Oil by 522.8% during the third quarter. Bridgewater Associates LP now owns 201,126 shares of the energy company’s stock valued at $14,166,000 after acquiring an additional 168,831 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Imperial Oil by 13.3% during the third quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock valued at $52,885,000 after acquiring an additional 87,914 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Imperial Oil during the third quarter worth $28,000. 20.74% of the stock is owned by institutional investors and hedge funds.

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.