Imperial Oil Limited (NYSEAMERICAN:IMO – Get Rating) (TSE:IMO) shares saw unusually-high trading volume on Thursday . Approximately 38,037 shares were traded during trading, a decline of 94% from the previous session's volume of 609,102 shares.The stock last traded at $43.44 and had previously closed at $44.12.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IMO. Royal Bank of Canada lowered their target price on Imperial Oil from C$85.00 to C$84.00 in a report on Tuesday, August 9th. Credit Suisse Group restated a "neutral" rating and set a $72.00 target price on shares of Imperial Oil in a report on Thursday, August 11th. Desjardins downgraded shares of Imperial Oil from a "buy" rating to a "hold" rating in a report on Wednesday, July 27th. TD Securities cut shares of Imperial Oil from a "buy" rating to a "hold" rating in a research note on Tuesday, August 16th. Finally, National Bank Financial reduced their target price on Imperial Oil from C$93.00 to C$86.00 in a research note on Monday, July 18th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $65.55.

Imperial Oil Trading Up 0.7 %

The stock has a market capitalization of $28.07 billion, a PE ratio of 68.00, a P/E/G ratio of 0.31 and a beta of 1.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.09 and a current ratio of 1.32.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 2nd will be given a dividend of $0.2645 per share. This represents a $1.06 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, September 1st. Imperial Oil's dividend payout ratio (DPR) is presently 160.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IMO. ACG Wealth acquired a new position in Imperial Oil in the 2nd quarter worth $30,000. Atlas Capital Advisors LLC bought a new stake in shares of Imperial Oil in the first quarter worth $33,000. AlphaCentric Advisors LLC acquired a new stake in Imperial Oil in the fourth quarter valued at $69,000. Twin Tree Management LP bought a new position in Imperial Oil during the 2nd quarter valued at $69,000. Finally, Venture Visionary Partners LLC acquired a new position in Imperial Oil during the 2nd quarter worth $85,000. 20.97% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Company Profile

(Get Rating)

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 for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.

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