Is Buying Imperial Oil Limited (NYSEAMERICAN:IMO) Here Good Idea?

Is Buying Imperial Oil Limited (NYSEAMERICAN:IMO) Here Good Idea?”

Imperial Oil Ltd (IMO.TO) announced earnings for third quarter that decreased compared to the same period previous year. Vanguard Group Inc. owned approximately 0.77% of Imperial Oil worth $189,456,000 as of its most recent filing with the Securities and Exchange Commission. The firm's revenue for the quarter was up 12.6% compared to the same quarter a year ago. Pinebridge Investments L.P. bought a new stake in shares of Imperial Oil during the second quarter valued at approximately $1,407,000.

Canadian oil producer and refiner Imperial Oil Ltd on Friday reported a smaller quarterly profit from a year ago when it realized a C$716 million gain from the sale of some its retail sites. If you are accessing this piece of content on another site, it was stolen and republished in violation of U.S. and worldwide trademark & copyright legislation. About shares traded. Imperial Oil Ltd (USA) (NYSEAMERICAN:IMO) has declined 6.78% since October 27, 2016 and is downtrending. The company has market cap of $33.27 billion. The firm has a 50-day moving average price of $31.42 and a 200 day moving average price of $29.70. Imperial Oil has a 12-month low of $35.15 and a 12-month high of $48.72. "Fell 3.1% on Friday" on July 31, 2017. The stock is now offering a return on equity of 10.90% while the return on assets is at 6.50% and the return on investment is at 1.10%. The business's revenue was up 12.6% on a year-over-year basis. This was down from C$7.44 billion past year. RBC Capital Markets maintained Imperial Oil Ltd (TSE:IMO) on Thursday, September 22 with "Sector Perform" rating.

The company also recently announced a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Friday, September 1st were given a dividend of $0.1279 per share. The ex-dividend date was Wednesday, August 30th. The SI to Atlantica Yield Plc Ord's float is 0.57%. After having $-0.09 EPS previously, Imperial Oil Ltd's analysts see -644.44% EPS growth. Imperial Oil's dividend payout ratio (DPR) is now 170.37%.

Several equities analysts have weighed in on IMO shares.

Imperial Oil shares have decreased 11 percent since the beginning of the year. Citigroup Inc. reiterated a "neutral" rating on shares of Imperial Oil in a report on Wednesday, August 2nd. Canaccord Genuity has "Hold" rating and $16.0 target.

In terms of earnings per share, 4 analysts have a 0.45 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 4 analysts have a 0.41 EPS mean target and for the quarter ending Mar-18 there are 9 estimates of 1.34 EPS. The stock has " rating by Desjardins Securities on Tuesday, June 28. The company presently has an average rating of "Hold" and a consensus target price of C$43.75.

The oil and gas and petroleum products company posted revenue of $5.71 billion in the period. The Company's activities are conducted in three divisions: Upstream, Downstream and Chemical.

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