23,508 Imperial Oil Limited $IMO Shares Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Imperial Oil stake by 3.3%, purchasing 23,508 shares to hold 734,540 shares valued at approximately $91 million. Institutional investors and hedge funds collectively own 20.74% of the company.
• Analyst sentiment remains cautious: Imperial Oil has a consensus rating of “Reduce”, with one Strong Buy, one Buy, three Holds and five Sell ratings, and an average price target of $116.
• Imperial Oil reported quarterly EPS of $4.52, beating estimates of $2.99, while revenue rose 43% year over year to $11.31 billion. The company also pays a quarterly dividend of C$0.87 per share, representing a 2.6% annualized yield.

TD Waterhouse Canada Inc. boosted its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 734,540 shares of the energy company's stock after purchasing an additional 23,508 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.16% of Imperial Oil worth $90,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Stronghold Wealth Management L.L.C. acquired a new stake in Imperial Oil in the 3rd quarter worth about $211,000. Financial & Tax Architects LLC grew its holdings in Imperial Oil by 28.5% in the 3rd quarter. Financial & Tax Architects LLC now owns 5,187 shares of the energy company's stock valued at $638,000 after buying an additional 1,151 shares during the period. Triasima Portfolio Management inc. grew its holdings in Imperial Oil by 20.7% in the 3rd quarter. Triasima Portfolio Management inc. now owns 61,265 shares of the energy company's stock valued at $7,552,000 after buying an additional 10,520 shares during the period. Baker Ellis Asset Management LLC increased its stake in shares of Imperial Oil by 3.4% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 4,600 shares of the energy company's stock valued at $566,000 after acquiring an additional 150 shares during the last quarter. Finally, Breakwater Capital Group acquired a new position in shares of Imperial Oil during the 3rd quarter valued at about $219,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IMO has been the topic of several recent analyst reports. Zacks Research upgraded shares of Imperial Oil from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 6th. UBS Group reissued a "buy" rating on shares of Imperial Oil in a research report on Monday, September 14th. Scotiabank restated a "sector perform" rating on shares of Imperial Oil in a report on Friday, July 17th. Raymond James Financial reaffirmed an "underperform" rating on shares of Imperial Oil in a research report on Wednesday, September 16th. Finally, Desjardins raised shares of Imperial Oil to a "hold" rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Imperial Oil currently has a consensus rating of "Reduce" and an average target price of $116.00.

Imperial Oil Stock Up 3.3%

Shares of IMO traded up $4.33 during mid-day trading on Friday, reaching $133.92. 948,364 shares of the stock traded hands, compared to its average volume of 569,375. The firm has a market cap of $63.21 billion, a price-to-earnings ratio of 21.72 and a beta of 0.57. The stock has a fifty day simple moving average of $129.33 and a 200 day simple moving average of $126.22. Imperial Oil Limited has a 12-month low of $83.27 and a 12-month high of $139.44. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.16.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last posted its earnings results on Friday, July 31st. The energy company reported $4.52 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $1.53. The business had revenue of $11.31 billion for the quarter, compared to analysts' expectations of $10.92 billion. Imperial Oil had a net margin of 8.03% and a return on equity of 22.28%. The business's revenue for the quarter was up 43.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 earnings per share. Sell-side analysts expect that Imperial Oil Limited will post 11.19 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 4th were paid a dividend of C$0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, September 4th. Imperial Oil's dividend payout ratio (DPR) is 38.09%.

About Imperial Oil

Imperial Oil Limited is an integrated Canadian energy company engaged in the exploration, production, transportation, refining and marketing of crude oil and natural gas. Founded in 1880, the company is headquartered in Calgary, Alberta, and has operations primarily across Canada.

Imperial's upstream business includes oil sands production at its Kearl and Cold Lake projects, as well as conventional oil and natural gas activities. The company also holds an interest in Syncrude, one of Canada's major oil sands mining and upgrading operations.

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