Scotia Capital Inc. lessened its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 6.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 225,796 shares of the energy company's stock after selling 14,899 shares during the period. Scotia Capital Inc.'s holdings in Imperial Oil were worth $16,330,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Imperial Oil during the 1st quarter worth $26,000. Group One Trading LLC boosted its position in shares of Imperial Oil by 29.7% in the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock worth $47,000 after buying an additional 173 shares during the period. Continuum Advisory LLC acquired a new stake in shares of Imperial Oil in the first quarter worth $71,000. AdvisorNet Financial Inc boosted its position in shares of 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 buying an additional 650 shares during the period. Finally, Pacifica Partners Inc. boosted its position in shares of Imperial Oil by 141.1% in the first quarter. Pacifica Partners Inc. now owns 2,440 shares of the energy company's stock worth $167,000 after buying an additional 1,428 shares during the period. Institutional investors own 20.74% of the company's stock.
Imperial Oil Price Performance
Shares of NYSEAMERICAN:IMO opened at $83.32 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.22 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $86.26. The business has a fifty day simple moving average of $79.47 and a 200 day simple moving average of $71.49. The firm has a market cap of $42.41 billion, a price-to-earnings ratio of 12.84 and a beta of 0.92.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on IMO. Raymond James Financial cut Imperial Oil from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Wolfe Research cut Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 23rd. Tudor Pickering lowered Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Finally, Desjardins lowered Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $105.50.
Read Our Latest Research Report on IMO
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.
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