LPL Financial LLC Has $5.76 Million Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Key Points

• LPL Financial LLC increased its stake in Imperial Oil Limited by 68.6%, owning 79,692 shares worth approximately $5.76 million by the end of the first quarter.
• Analysts have mixed ratings on Imperial Oil, with three analysts providing sell ratings, six a hold rating, and one a buy rating, leading to an average rating of "Hold" and a consensus price target of $105.50.
• The company's shares opened at $83.37, with a market cap of $42.24 billion and a price-to-earnings ratio of 12.85.

LPL Financial LLC grew its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 68.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,692 shares of the energy company's stock after acquiring an additional 32,437 shares during the period. LPL Financial LLC's holdings in Imperial Oil were worth $5,763,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IMO. Wells Fargo & Company MN raised its stake in Imperial Oil by 7.3% during the 4th quarter. Wells Fargo & Company MN now owns 9,630 shares of the energy company's stock valued at $593,000 after purchasing an additional 653 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Imperial Oil by 8.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 63,193 shares of the energy company's stock valued at $3,893,000 after purchasing an additional 5,181 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Imperial Oil during the 4th quarter worth about $7,982,000. Bridgewater Associates LP lifted its holdings in shares of Imperial Oil by 39.7% during the 4th quarter. Bridgewater Associates LP now owns 281,033 shares of the energy company's stock worth $17,311,000 after acquiring an additional 79,907 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Imperial Oil by 15.0% during the 4th quarter. NewEdge Advisors LLC now owns 7,686 shares of the energy company's stock worth $473,000 after acquiring an additional 1,002 shares during the period. 20.74% of the stock is owned by institutional investors.

Imperial Oil Stock Down 0.3%

IMO traded down $0.24 during trading on Thursday, reaching $83.21. 272,341 shares of the stock were exchanged, compared to its average volume of 397,544. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58. The stock's 50 day moving average price is $81.44 and its two-hundred day moving average price is $72.63. Imperial Oil Limited has a twelve month low of $58.76 and a twelve month high of $86.91. The stock has a market cap of $42.16 billion, a P/E ratio of 12.86 and a beta of 0.92.

Analyst Upgrades and Downgrades

IMO has been the subject of a number of recent analyst reports. Desjardins cut shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Wolfe Research cut shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Imperial Oil in a research report on Monday, August 4th. Raymond James Financial cut shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, Tudor Pickering lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $105.50.

Imperial Oil 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.