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Imperial Oil (IMO) Gets a Buy from UBS

Tipranks - Tue Feb 3, 8:32AM CST

UBS analyst Manav Gupta maintained a Buy rating on Imperial Oil today and set a price target of C$155.00.

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According to TipRanks, Gupta is a 4-star analyst with an average return of 8.3% and a 61.82% success rate. Gupta covers the Energy sector, focusing on stocks such as Exxon Mobil, Chevron, and CVR Energy.

In addition to UBS, Imperial Oil also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Integrated in a report issued on January 30. However, on the same day, BMO Capital maintained a Hold rating on Imperial Oil (NYSE MKT: IMO).

Based on Imperial Oil’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$11.61 billion and a net profit of C$539.76 million. In comparison, last year the company earned a revenue of C$13.22 billion and had a net profit of C$1.24 billion

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMO in relation to earlier this year.

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