Pictet Asset Management Holding SA Sells 19,619 Shares of Imperial Oil Limited $IMO

Key Points

• Pictet Asset Management reduced its stake in Imperial Oil by 15.2%, selling 19,619 shares and now holds 109,336 shares valued at about $9.455 million.
• Imperial’s Q1 profit fell to roughly $940M from $1.29B due to lower refinery throughput, and mixed EPS headlines alongside downgrades have left the stock with a consensus Reduce rating and an average target of $116, with shares trading down about 4.1%.
• The company maintained its quarterly dividend at C$0.87 (annualized $3.48), a 2.7% yield, payable July 1 with an ex-dividend date of June 4.

Pictet Asset Management Holding SA decreased its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 109,336 shares of the energy company's stock after selling 19,619 shares during the period. Pictet Asset Management Holding SA's holdings in Imperial Oil were worth $9,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. UBS Group AG increased its stake in shares of Imperial Oil by 21.6% in the 4th quarter. UBS Group AG now owns 1,709,910 shares of the energy company's stock valued at $147,582,000 after purchasing an additional 303,286 shares during the last quarter. Busey Bank bought a new position in shares of Imperial Oil in the 4th quarter valued at $258,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Imperial Oil by 30.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,539 shares of the energy company's stock valued at $13,282,000 after purchasing an additional 36,267 shares during the last quarter. First Horizon Corp increased its stake in shares of Imperial Oil by 101.7% in the 4th quarter. First Horizon Corp now owns 6,074 shares of the energy company's stock valued at $524,000 after purchasing an additional 3,062 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Imperial Oil by 209.5% in the 4th quarter. Assetmark Inc. now owns 653 shares of the energy company's stock valued at $56,000 after purchasing an additional 442 shares during the last quarter. Institutional investors own 20.74% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IMO. Zacks Research upgraded Imperial Oil from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 24th. Royal Bank Of Canada lowered Imperial Oil from a "sector perform" rating to an "underperform" rating and set a $116.00 price target on the stock. in a research note on Monday, February 23rd. Finally, TD Securities reiterated a "sell" rating on shares of Imperial Oil in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $116.00.

Key Imperial Oil News

Here are the key news stories impacting Imperial Oil this week:

• Positive Sentiment: Company maintained its quarterly dividend at C$0.87 per share (payable July 1), which supports income-focused shareholders and signals capital-return confidence. Dividend Announcement
• Neutral Sentiment: Imperial’s press release / MarketBeat summary shows an EPS figure that beat consensus (reported $1.94 vs. $1.67 estimate), and highlights a small revenue decline and healthy ROE — a mixed operational read that could be parsed as positive by some investors. MarketBeat Earnings Summary
• Neutral Sentiment: Macroeconomic context: a US natural-gas oversupply versus global tightness may pressure domestic gas prices and margins in parts of the energy complex, creating mixed headwinds for integrated and upstream operations. Natural Gas Macro Story
• Negative Sentiment: Zacks reports a Q1 EPS miss (reported $1.41 vs. $1.67 consensus), which likely contributed to downward pressure as investors adjust forward estimates. Zacks Earnings Miss
• Negative Sentiment: Multiple news outlets report first-quarter profit fell (about $940M vs. $1.29B year-ago), with management citing lower refinery throughput — a clear operational headwind that reduces near-term cash flow and margin visibility. Reuters Profit Report MSN Coverage
• Negative Sentiment: Analyst stance cooled: a recent roundup shows an average recommendation of “Reduce,” which can amplify selling pressure as investors follow broker guidance. Analyst Consensus

Imperial Oil Trading Down 4.1%

NYSEAMERICAN IMO opened at $128.48 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.18. Imperial Oil Limited has a twelve month low of $66.62 and a twelve month high of $134.31. The company has a market cap of $62.13 billion, a price-to-earnings ratio of 30.30 and a beta of 0.48. The business's fifty day moving average is $124.83 and its 200 day moving average is $106.05.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.48 annualized dividend and a yield of 2.7%. Imperial Oil's payout ratio is presently 38.69%.

About Imperial Oil

Imperial Oil NYSEAMERICAN: IMO is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country's long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial's operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.

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