Imperial Oil (NYSEAMERICAN:IMO) Downgraded to “Sell” Rating by The Goldman Sachs Group

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

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

Imperial Oil Trading Down 2.0 %

IMO stock opened at $70.84 on Thursday. Imperial Oil has a 1-year low of $60.95 and a 1-year high of $80.17. The business’s 50 day simple moving average is $69.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. The firm has a market cap of $36.06 billion, a price-to-earnings ratio of 10.75 and a beta of 1.44.

Institutional Investors Weigh In On Imperial Oil

A number of institutional investors have recently added to or reduced their stakes in IMO. Wealth Enhancement Advisory Services LLC raised its stake in shares of Imperial Oil by 27.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,833 shares of the energy company’s stock valued at $606,000 after buying an additional 2,125 shares during the period. Total Wealth Planning & Management Inc. bought a new stake in Imperial Oil in the 4th quarter valued at about $1,051,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Imperial Oil during the fourth quarter valued at about $19,507,000. Vise Technologies Inc. boosted its position in Imperial Oil by 70.2% during the fourth quarter. Vise Technologies Inc. now owns 13,002 shares of the energy company’s stock worth $801,000 after purchasing an additional 5,361 shares during the period. Finally, USS Investment Management Ltd purchased a new position in shares of Imperial Oil in the fourth quarter worth about $3,152,000. 20.74% of the stock is owned by institutional investors.

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.