Imperial Oil Limited $IMO Shares Sold by Aviso Financial Inc.

Key Points

• Aviso Financial Inc. reduced its holdings in Imperial Oil Limited by 18.4%, owning 16,144 shares after selling 3,631 shares during the first quarter.
• Several institutional investors showed increased interest, with GAMMA Investing LLC raising its holdings by 7,136.4% during the same period.
• Imperial Oil has a current market capitalization of $42.36 billion and a consensus rating of "Hold" from analysts, with an average price target of $105.50.

Aviso Financial Inc. lessened its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 18.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,144 shares of the energy company's stock after selling 3,631 shares during the quarter. Aviso Financial Inc.'s holdings in Imperial Oil were worth $1,167,000 at the end of the most recent quarter.

Other institutional 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 first quarter valued at approximately $26,000. Group One Trading LLC boosted its stake in shares of Imperial Oil by 29.7% during the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock valued at $47,000 after purchasing an additional 173 shares during the period. GAMMA Investing LLC lifted its stake in Imperial Oil by 7,136.4% in the first quarter. GAMMA Investing LLC now owns 796 shares of the energy company's stock worth $580,000 after acquiring an additional 785 shares during the period. Continuum Advisory LLC purchased a new stake in Imperial Oil in the first quarter worth $71,000. Finally, AdvisorNet Financial Inc lifted its stake in Imperial Oil by 104.0% in the first quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company's stock worth $92,000 after acquiring an additional 650 shares during the period. Hedge funds and other institutional investors own 20.74% of the company's stock.

Wall Street Analyst Weigh In

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

Imperial Oil Stock Up 3.5%

Shares of IMO traded up $2.95 during midday trading on Friday, reaching $87.37. 492,653 shares of the stock were exchanged, compared to its average volume of 366,837. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week high of $87.37. The company's 50 day moving average is $82.53 and its two-hundred day moving average is $73.64. The company has a market capitalization of $44.26 billion, a P/E ratio of 13.46 and a beta of 0.92. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16.

About Imperial Oil

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.