Imperial Oil (NYSEAMERICAN:IMO) Rating Lowered to “Underweight” at JPMorgan Chase & Co.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Thursday,Finviz reports.

Other equities research analysts have also issued research reports about the company. Scotiabank reaffirmed a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a research report on Wednesday, September 25th. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Imperial Oil has a consensus rating of “Hold” and an average price target of $109.00.

Imperial Oil Trading Down 2.5 %

Shares of NYSEAMERICAN:IMO opened at $64.22 on Thursday. The stock has a market cap of $32.92 billion, a price-to-earnings ratio of 9.57 and a beta of 1.42. Imperial Oil has a 1 year low of $54.58 and a 1 year high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44.

Institutional Trading of Imperial Oil

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RFP Financial Group LLC purchased a new position in Imperial Oil during the 2nd quarter worth $25,000. BNP Paribas Financial Markets acquired a new position in shares of Imperial Oil during the third quarter worth about $28,000. Grove Bank & Trust raised its holdings in Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after purchasing an additional 438 shares in the last quarter. Allworth Financial LP lifted its position in Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after purchasing an additional 234 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in Imperial Oil in the 3rd quarter valued at approximately $101,000. 20.74% of the stock is owned by hedge funds and other 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.