Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 11,040,509 shares, an increase of 13.5% from the January 31st total of 9,731,395 shares. Approximately 4.3% of the shares of the stock are short sold. Based on an average trading volume of 732,777 shares, the short-interest ratio is presently 15.1 days.
Imperial Oil (IMO) opened at $27.07 on Thursday. The firm has a market capitalization of $22,970.00, a PE ratio of 60.00 and a beta of 0.86. Imperial Oil has a one year low of $26.92 and a one year high of $32.81.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its earnings results on Friday, February 2nd. The energy company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.25). The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the company earned $1.70 EPS.
Large investors have recently bought and sold shares of the stock. Roberts Glore & Co. Inc. IL purchased a new stake in shares of Imperial Oil in the third quarter worth about $202,000. Ameriprise Financial Inc. lifted its position in shares of Imperial Oil by 12.3% in the second quarter. Ameriprise Financial Inc. now owns 8,222 shares of the energy company’s stock worth $241,000 after buying an additional 900 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Imperial Oil by 66.4% in the fourth quarter. Advisory Services Network LLC now owns 9,610 shares of the energy company’s stock worth $300,000 after buying an additional 3,835 shares in the last quarter. Barrett Asset Management LLC purchased a new stake in shares of Imperial Oil in the fourth quarter worth about $313,000. Finally, ARP Americas LP purchased a new stake in shares of Imperial Oil in the fourth quarter worth about $338,000.
IMO has been the subject of a number of recent analyst reports. Barclays lowered Imperial Oil from an “overweight” rating to an “underweight” rating in a research note on Thursday, November 2nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Imperial Oil in a research note on Thursday, November 2nd. Tudor Pickering raised Imperial Oil to a “hold” rating in a research note on Monday, January 8th. Royal Bank of Canada raised Imperial Oil from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, January 31st. Finally, AltaCorp Capital raised Imperial Oil to a “hold” rating and set a $43.00 price objective for the company in a research note on Monday, January 15th. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.20.
Imperial Oil Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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