Nykredit A S Takes Position in Imperial Oil Limited $IMO

Key Points

• Nykredit A/S acquired 9,263 Imperial Oil shares during the second quarter, valued at approximately $1.04 million. Institutional investors collectively own 20.74% of the company.
• Analyst sentiment remains cautious: Imperial Oil has a consensus “Reduce” rating, with one Buy, four Hold, and five Sell ratings and an average price target of $116.
• Imperial Oil exceeded quarterly earnings expectations, reporting $4.52 in EPS versus a $2.99 estimate and revenue of $11.31 billion. The company also declared a quarterly dividend of $0.87 per share, yielding about 2.8% annually.

Nykredit A S bought a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,263 shares of the energy company's stock, valued at approximately $1,040,000.

A number of other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new stake in Imperial Oil during the 1st quarter valued at $93,097,000. Bank of New York Mellon Corp bought a new stake in shares of Imperial Oil during the second quarter worth about $24,051,000. BNP Paribas Financial Markets raised its holdings in shares of Imperial Oil by 168.2% in the 4th quarter. BNP Paribas Financial Markets now owns 296,585 shares of the energy company's stock worth $25,598,000 after acquiring an additional 185,995 shares during the last quarter. Swiss National Bank raised its holdings in shares of Imperial Oil by 23.6% in the 1st quarter. Swiss National Bank now owns 569,676 shares of the energy company's stock worth $74,508,000 after acquiring an additional 108,700 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in Imperial Oil by 8.4% in the 4th quarter. Cibc World Market Inc. now owns 1,243,738 shares of the energy company's stock valued at $107,459,000 after acquiring an additional 96,694 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James Financial reiterated an "underperform" rating on shares of Imperial Oil in a research note on Wednesday, September 16th. Imperial Capital restated a "sell" rating on shares of Imperial Oil in a report on Tuesday, June 23rd. Desjardins upgraded Imperial Oil to a "hold" rating in a report on Thursday, July 16th. UBS Group reaffirmed a "buy" rating on shares of Imperial Oil in a research report on Monday, September 14th. Finally, Zacks Research downgraded Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Imperial Oil has a consensus rating of "Reduce" and an average target price of $116.00.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at $124.28 on Wednesday. The business's fifty day simple moving average is $129.62 and its 200 day simple moving average is $126.14. The company has a current ratio of 1.38, a quick ratio of 1.19 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a 12 month low of $83.27 and a 12 month high of $139.44. The firm has a market capitalization of $59.85 billion, a P/E ratio of 20.16 and a beta of 0.46.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last announced its earnings results on Friday, July 31st. The energy company reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $1.53. The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.92 billion. Imperial Oil had a return on equity of 22.28% and a net margin of 8.03%.The business's revenue was up 43.0% compared to the same quarter last year. During the same period last year, the firm posted $1.86 EPS. As a group, analysts anticipate that Imperial Oil Limited will post 11.19 EPS for the current year.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, September 4th. Imperial Oil's dividend payout ratio is currently 38.09%.

Imperial Oil Company Profile

Imperial Oil Limited is an integrated Canadian energy company engaged in the exploration, production, transportation, refining and marketing of crude oil and natural gas. Its upstream operations include oil sands mining and in situ production, conventional oil and natural gas assets, and an interest in the Syncrude oil sands project.

The company's downstream business operates refineries and produces gasoline, diesel, jet fuel, lubricants, asphalt and other petroleum products. Imperial markets fuels and related products across Canada primarily under the Esso and Mobil brands, serving retail, commercial, industrial and aviation customers.

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