AustralianSuper Pty Ltd decreased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 42.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,477 shares of the energy company's stock after selling 166,917 shares during the quarter. AustralianSuper Pty Ltd's holdings in Imperial Oil were worth $16,362,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its position in Imperial Oil by 2.0% during the first quarter. Stephens Inc. AR now owns 14,861 shares of the energy company's stock worth $1,075,000 after acquiring an additional 290 shares in the last quarter. Kathmere Capital Management LLC raised its position in Imperial Oil by 9.3% during the first quarter. Kathmere Capital Management LLC now owns 6,580 shares of the energy company's stock worth $476,000 after acquiring an additional 560 shares in the last quarter. Genus Capital Management Inc. raised its position in Imperial Oil by 292.6% during the first quarter. Genus Capital Management Inc. now owns 94,512 shares of the energy company's stock worth $6,826,000 after acquiring an additional 143,581 shares in the last quarter. Cerity Partners LLC raised its position in Imperial Oil by 46.7% during the first quarter. Cerity Partners LLC now owns 85,764 shares of the energy company's stock worth $6,202,000 after acquiring an additional 27,314 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Imperial Oil by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 68,299 shares of the energy company's stock worth $4,939,000 after acquiring an additional 5,106 shares in the last quarter. 20.74% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Desjardins lowered shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Wolfe Research raised shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research report on Monday, April 21st. Raymond James Financial lowered shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $101.00 price objective on shares of Imperial Oil in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Imperial Oil currently has a consensus rating of "Hold" and an average price target of $105.50.
Get Our Latest Stock Analysis on IMO
Imperial Oil Stock Up 0.4%
Shares of NYSEAMERICAN:IMO opened at $82.31 on Friday. The business's 50 day moving average is $77.14 and its 200 day moving average is $70.87. The stock has a market cap of $41.90 billion, a price-to-earnings ratio of 12.30 and a beta of 0.89. The company has a quick ratio of 1.22, a current ratio of 1.48 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a 12-month low of $58.76 and a 12-month high of $83.65.
Imperial Oil Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.523 per share. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, June 4th. This represents a $2.09 annualized dividend and a dividend yield of 2.54%. Imperial Oil's dividend payout ratio is presently 31.87%.
Imperial Oil Profile
(
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.
See Also
Want to see what other hedge funds are holding IMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO.
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