Gulf International Bank UK Ltd Grows Stock Position in Imperial Oil Limited $IMO

Key Points

• Gulf International Bank UK Ltd significantly increased its stake in Imperial Oil Limited by 1,905.0%, acquiring a total of 10,125 shares valued at approximately $732,000.
• Analyst ratings for Imperial Oil have been mixed, with reports showing three analysts rating the stock as a sell, six as hold, and one as buy, resulting in an average rating of "Hold."
• Imperial Oil's stock has a market capitalization of $42.35 billion and a current price of $83.60, with a 52-week range between $58.76 and $86.91.

Gulf International Bank UK Ltd raised its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 1,905.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,125 shares of the energy company's stock after acquiring an additional 9,620 shares during the quarter. Gulf International Bank UK Ltd's holdings in Imperial Oil were worth $732,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Group One Trading LLC boosted its stake in Imperial Oil by 29.7% during the fourth 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. Gold Investment Management Ltd. raised its holdings in shares of Imperial Oil by 0.6% during the first quarter. Gold Investment Management Ltd. now owns 28,082 shares of the energy company's stock valued at $2,029,000 after purchasing an additional 178 shares during the period. Stephens Inc. AR boosted its position in shares of Imperial Oil by 2.0% during the 1st quarter. Stephens Inc. AR now owns 14,861 shares of the energy company's stock worth $1,075,000 after purchasing an additional 290 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Imperial Oil in the 1st quarter valued at about $26,000. Finally, Lord Abbett & CO. LLC increased its position in Imperial Oil by 1.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 27,000 shares of the energy company's stock valued at $1,664,000 after buying an additional 400 shares in the last quarter. Institutional investors own 20.74% of the company's stock.

Imperial Oil Price Performance

Shares of Imperial Oil stock traded up $1.7460 during trading on Friday, reaching $86.1660. 90,770 shares of the stock traded hands, compared to its average volume of 450,214. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.34. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $86.91. The business has a fifty day simple moving average of $82.42 and a two-hundred day simple moving average of $73.51. The company has a market capitalization of $43.65 billion, a price-to-earnings ratio of 13.28 and a beta of 0.92.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Desjardins lowered Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Wolfe Research cut Imperial Oil from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 23rd. Tudor Pickering lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Raymond James Financial downgraded Imperial Oil from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Imperial Oil in a research report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Imperial Oil presently has a consensus rating of "Reduce" and an average target price of $105.50.

Imperial Oil Company Profile

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.