2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company trimmed its position in Imperial Oil Limited ( NYSEAMERICAN:IMO – Free Report ) (TSE:IMO) by 24.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,078,313 shares of the energy company’s stock after selling 1,314,702 shares during the quarter.
The Manufacturers Life Insurance Company’s holdings in Imperial Oil were worth $277,672,000 at the end of the most recent reporting period. A number of other hedge funds also recently made changes to their positions in the company. AXA S.
A. grew its position in Imperial Oil by 15.4% in the second quarter.
AXA S.A. now owns 4,528 shares of the energy company’s stock worth $309,000 after acquiring an additional 604 shares in the last quarter.
Point72 Europe London LLP raised its holdings in Imperial Oil by 130.1% during the 2nd quarter. Point72 Europe London LLP now owns 154,382 shares of the energy company’s stock valued at $10,521,000 after buying an additional 87,299 shares during the period.
Toronto Dominion Bank boosted its stake in Imperial Oil by 14.7% during the second quarter. Toronto Dominion Bank now owns 822,478 shares of the energy company’s stock worth $56,134,000 after buying an additional 105,205 shares during the period.
Cubist Systematic Strategies LLC raised its stake in shares of Imperial Oil by 43.8% in the second quarter. Cubist Systematic Strategies LLC now owns 2,300 shares of the energy company’s stock valued at $157,000 after acquiring an additional 700 shares during the period.
Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Imperial Oil by 10,896.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 867,174 shares of the energy company’s stock valued at $59,135,000 after acquiring an additional 859,288 shares during the period.
20.74% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of analysts recently weighed in on IMO shares.
StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Wolfe Research started coverage on shares of Imperial Oil in a research note on Thursday, July 18th.
They set an “outperform” rating and a $108.00 target price for the company. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $110.
00 price target on shares of Imperial Oil in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $99.
50. Imperial Oil Trading Down 2.3 % Shares of Imperial Oil stock opened at $68.
68 on Friday. The stock has a market capitalization of $36.29 billion, a price-to-earnings ratio of 10.
76 and a beta of 1.45. Imperial Oil Limited has a one year low of $52.
97 and a one year high of $77.70. The company has a quick ratio of 1.
16, a current ratio of 1.40 and a debt-to-equity ratio of 0.17.
Imperial Oil ( NYSEAMERICAN:IMO – Get Free Report ) (TSE:IMO) last issued its quarterly earnings data on Friday, August 2nd. The energy company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.
43 by $0.11. Imperial Oil had a net margin of 10.
05% and a return on equity of 22.73%. The firm had revenue of $9.
78 billion for the quarter, compared to the consensus estimate of $10.50 billion. As a group, sell-side analysts anticipate that Imperial Oil Limited will post 6.
2 earnings per share for the current year. Imperial Oil Cuts Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th will be given a $0.
4336 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.
73 dividend on an annualized basis and a dividend yield of 2.53%. Imperial Oil’s payout ratio is 27.
90%. 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. Featured Stories Want to see what other hedge funds are holding IMO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Imperial Oil Limited ( NYSEAMERICAN:IMO – Free Report ) (TSE:IMO). Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter .
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