AustralianSuper Pty Ltd reduced its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 393,394 shares of the energy company's stock after selling 10,367 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.07% of Imperial Oil worth $27,673,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of IMO. RFP Financial Group LLC bought a new position in Imperial Oil in the 2nd quarter worth about $25,000. Grove Bank & Trust increased its stake in shares of Imperial Oil by 438.0% in the third quarter. Grove Bank & Trust now owns 538 shares of the energy company's stock worth $38,000 after buying an additional 438 shares during the period. Headlands Technologies LLC purchased a new position in shares of Imperial Oil in the first quarter worth $46,000. Hexagon Capital Partners LLC increased its stake in shares of Imperial Oil by 45.6% in the second quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company's stock worth $49,000 after buying an additional 225 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company's stock worth $95,000 after buying an additional 234 shares during the period. Institutional investors own 20.74% of the company's stock.
Imperial Oil Stock Up 0.4 %
Shares of Imperial Oil stock traded up $0.33 on Thursday, reaching $74.48. The company's stock had a trading volume of 425,276 shares, compared to its average volume of 398,694. The stock has a market capitalization of $39.36 billion, a PE ratio of 10.46 and a beta of 1.44. Imperial Oil Limited has a 52-week low of $52.97 and a 52-week high of $80.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.40 and a quick ratio of 1.16.
Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last posted its quarterly earnings data on Friday, August 2nd. The energy company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.11. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. The business had revenue of $9.78 billion during the quarter, compared to analysts' expectations of $10.50 billion. On average, analysts anticipate that Imperial Oil Limited will post 6.14 EPS for the current fiscal year.
Imperial Oil Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Wednesday, September 4th were paid a $0.4336 dividend. This represents a $1.73 annualized dividend and a yield of 2.33%. The ex-dividend date was Wednesday, September 4th. Imperial Oil's dividend payout ratio is currently 25.21%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on IMO. StockNews.com cut shares of Imperial Oil from a "buy" rating to a "hold" rating in a research note on Wednesday, August 28th. Wolfe Research started coverage on Imperial Oil in a research note on Thursday, July 18th. They issued an "outperform" rating and a $108.00 price target for the company. Finally, Scotiabank reiterated a "sector perform" rating and set a $110.00 target price on shares of Imperial Oil in a research report on Wednesday, September 25th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Imperial Oil presently has a consensus rating of "Hold" and an average target price of $99.50.
Read Our Latest 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.
Read More
Before you consider Imperial Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Imperial Oil wasn't on the list.
While Imperial Oil currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
