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ASR Vermogensbeheer N.V. Acquires Shares of 70,044 Imperial Oil Limited (NYSEAMERICAN:IMO)

Imperial Oil logo with Energy background

Key Points

  • ASR Vermogensbeheer N.V. acquired 70,044 shares of Imperial Oil Limited, amounting to approximately $5,059,000 during the first quarter.
  • Other institutional investors, including Geode Capital and Mackenzie Financial Corp, also increased their stakes in Imperial Oil, indicating growing interest in the company.
  • Analysts have varied ratings on Imperial Oil, with the consensus rating being "Hold" and a target price of $105.50, reflecting differing outlooks on the stock's performance.
  • Looking to Export and Analyze Imperial Oil Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

ASR Vermogensbeheer N.V. acquired a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO during the first quarter, according to its most recent filing with the SEC. The firm acquired 70,044 shares of the energy company's stock, valued at approximately $5,059,000.

Other hedge funds have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Imperial Oil during the 4th quarter valued at about $19,507,000. Geode Capital Management LLC lifted its holdings in shares of Imperial Oil by 29.0% during the 4th quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company's stock valued at $67,634,000 after purchasing an additional 244,176 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Imperial Oil by 54.7% during the 1st quarter. Mackenzie Financial Corp now owns 690,024 shares of the energy company's stock valued at $49,842,000 after purchasing an additional 243,894 shares in the last quarter. Genus Capital Management Inc. lifted its holdings in shares of Imperial Oil by 292.6% during the 1st quarter. Genus Capital Management Inc. now owns 94,512 shares of the energy company's stock valued at $6,826,000 after purchasing an additional 143,581 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Imperial Oil in the 4th quarter valued at about $7,982,000. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Price Performance

Shares of NYSEAMERICAN IMO opened at $84.94 on Friday. The business's 50 day moving average price is $80.51 and its two-hundred day moving average price is $71.96. The company has a market cap of $43.24 billion, a PE ratio of 13.09 and a beta of 0.92. The company has a quick ratio of 1.22, a current ratio of 1.58 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a twelve month low of $58.76 and a twelve month high of $86.91.

Analyst Ratings Changes

Several analysts have issued reports on IMO shares. Raymond James Financial downgraded Imperial Oil from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 3rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Imperial Oil in a research report on Monday. Wolfe Research downgraded Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 23rd. Desjardins downgraded Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Finally, Tudor Pickering downgraded Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Imperial Oil has a consensus rating of "Hold" and a consensus target price of $105.50.

Check Out Our Latest Stock Report on Imperial Oil

About Imperial Oil

(Free Report)

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.

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Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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