Deutsche Bank AG lifted its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 5.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 378,102 shares of the energy company's stock after buying an additional 19,018 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Imperial Oil worth $27,344,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Imperial Oil during the 1st quarter worth $26,000. Group One Trading LLC raised its position in shares of Imperial Oil by 29.7% during the 4th quarter. Group One Trading LLC now owns 755 shares of the energy company's stock worth $47,000 after acquiring an additional 173 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Imperial Oil by 7,136.4% during the 1st quarter. GAMMA Investing LLC now owns 796 shares of the energy company's stock worth $580,000 after acquiring an additional 785 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Imperial Oil during the 1st quarter worth about $71,000. Finally, AdvisorNet Financial Inc raised its position in shares of Imperial Oil by 104.0% during the 1st quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company's stock worth $92,000 after acquiring an additional 650 shares in the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
IMO has been the topic of a number of research analyst reports. Wolfe Research cut Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 23rd. BMO Capital Markets restated an "outperform" rating on shares of Imperial Oil in a research note on Monday, August 4th. Desjardins cut Imperial Oil from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 3rd. Tudor Pickering lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Raymond James Financial cut shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $105.50.
Check Out Our Latest Research Report on Imperial Oil
Imperial Oil Price Performance
IMO stock traded down $0.24 during midday trading on Thursday, hitting $83.21. 272,341 shares of the stock were exchanged, compared to its average volume of 397,544. The stock's 50-day moving average price is $81.44 and its 200-day moving average price is $72.63. The stock has a market cap of $42.16 billion, a price-to-earnings ratio of 12.82 and a beta of 0.92. Imperial Oil Limited has a fifty-two week low of $58.76 and a fifty-two week high of $86.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58.
Imperial Oil Company 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.
Featured Stories
Before you consider Imperial Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Imperial Oil wasn't on the list.
While Imperial Oil currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access