Swiss National Bank Sells 41,312 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Swiss National Bank cut its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 643,676 shares of the energy company's stock after selling 41,312 shares during the quarter. Swiss National Bank owned 0.12% of Imperial Oil worth $36,734,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IMO. AdvisorNet Financial Inc increased its stake in Imperial Oil by 52.6% in the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company's stock valued at $30,000 after buying an additional 180 shares during the period. Allworth Financial LP lifted its position in Imperial Oil by 176.6% in the third quarter. Allworth Financial LP now owns 888 shares of the energy company's stock valued at $55,000 after purchasing an additional 567 shares during the period. CWM LLC increased its position in Imperial Oil by 156.8% during the 4th quarter. CWM LLC now owns 2,011 shares of the energy company's stock worth $115,000 after purchasing an additional 1,228 shares during the period. Olympiad Research LP acquired a new stake in shares of Imperial Oil in the 3rd quarter valued at approximately $204,000. Finally, Greenleaf Trust purchased a new stake in shares of Imperial Oil in the third quarter valued at approximately $211,000. Institutional investors and hedge funds own 20.74% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Imperial Oil from a "hold" rating to a "buy" rating in a research report on Sunday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $85.33.

Imperial Oil Price Performance

IMO stock traded up $0.43 during trading on Wednesday, reaching $69.50. 219,481 shares of the stock traded hands, compared to its average volume of 408,774. The company has a market cap of $37.24 billion, a PE ratio of 10.89 and a beta of 1.47. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 52-week low of $44.89 and a 52-week high of $74.58.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last released its quarterly earnings data on Friday, April 26th. The energy company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.10. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $11.61 billion. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. As a group, research analysts predict that Imperial Oil Limited will post 6.07 EPS for the current year.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.4377 per share. This represents a $1.75 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Monday, June 3rd. Imperial Oil's dividend payout ratio (DPR) is 27.74%.

Imperial Oil Company 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.