Invesco Ltd. Has $24.52 Million Stock Holdings in Imperial Oil Limited $IMO

Key Points

• Invesco Ltd. increased its holdings in Imperial Oil Limited by 1.6% during the first quarter, now owning approximately 339,031 shares valued at $24.5 million.
• Analysts have mixed ratings on Imperial Oil, with one buy rating, five holds, and three sells, leading to an average target price of $105.50.
• Imperial Oil's current stock price is $83.35, having a market capitalization of $42.23 billion and a PE ratio of 12.84.

Invesco Ltd. grew its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 1.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 339,031 shares of the energy company's stock after purchasing an additional 5,178 shares during the period. Invesco Ltd. owned about 0.07% of Imperial Oil worth $24,519,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc boosted its stake in shares of Imperial Oil by 1.0% in the 1st quarter. TD Asset Management Inc now owns 4,873,843 shares of the energy company's stock valued at $352,014,000 after purchasing an additional 47,898 shares in the last quarter. Bank of America Corp DE lifted its position in Imperial Oil by 1.1% during the 4th quarter. Bank of America Corp DE now owns 2,398,899 shares of the energy company's stock worth $147,772,000 after buying an additional 26,891 shares in the last quarter. Mackenzie Financial Corp lifted its position in Imperial Oil by 54.7% during the 1st quarter. Mackenzie Financial Corp now owns 690,024 shares of the energy company's stock worth $49,842,000 after buying an additional 243,894 shares in the last quarter. Bank of Nova Scotia lifted its position in Imperial Oil by 0.7% during the 1st quarter. Bank of Nova Scotia now owns 574,221 shares of the energy company's stock worth $41,485,000 after buying an additional 3,773 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Imperial Oil by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 534,265 shares of the energy company's stock worth $38,588,000 after buying an additional 11,543 shares in the last quarter. Institutional investors and hedge funds own 20.74% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IMO shares. Tudor Pickering downgraded shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Wolfe Research downgraded 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. Desjardins downgraded shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Finally, Raymond James Financial downgraded shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $105.50.

Imperial Oil Stock Down 0.1%

Shares of NYSEAMERICAN IMO traded down $0.06 during trading hours on Tuesday, hitting $87.79. The company had a trading volume of 264,665 shares, compared to its average volume of 369,109. The stock has a market capitalization of $44.48 billion, a P/E ratio of 13.53 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.58 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 $88.02. The firm's 50 day moving average is $82.78 and its 200-day moving average is $73.97.

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.