Investec Asset Management North America Inc. boosted its position in Imperial Oil Limited (NYSEMKT:IMO) (TSE:IMO) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 65,453 shares of the company’s stock after buying an additional 2,249 shares during the period. Investec Asset Management North America Inc.’s holdings in Imperial Oil Limited were worth $2,280,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Artisan Partners Limited Partnership raised its position in shares of Imperial Oil Limited by 1.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 17,170,333 shares of the company’s stock worth $597,346,000 after buying an additional 262,443 shares in the last quarter. Royal Bank of Canada increased its stake in Imperial Oil Limited by 4.3% in the second quarter. Royal Bank of Canada now owns 16,778,310 shares of the company’s stock worth $529,524,000 after buying an additional 687,937 shares during the last quarter. TD Asset Management Inc. increased its stake in Imperial Oil Limited by 4.9% in the third quarter. TD Asset Management Inc. now owns 7,836,372 shares of the company’s stock worth $244,706,000 after buying an additional 365,287 shares during the last quarter. Vanguard Group Inc. increased its stake in Imperial Oil Limited by 11.2% in the second quarter. Vanguard Group Inc. now owns 5,619,749 shares of the company’s stock worth $177,359,000 after buying an additional 566,005 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Imperial Oil Limited during the third quarter valued at $63,941,000.
Shares of Imperial Oil Limited (NYSEMKT:IMO) traded up 0.96% during trading on Friday, hitting $32.62. 159,309 shares of the company traded hands. The company has a 50-day moving average of $33.78 and a 200-day moving average of $32.60. The stock has a market capitalization of $27.65 billion, a PE ratio of 16.67 and a beta of 1.14. Imperial Oil Limited has a 52-week low of $29.24 and a 52-week high of $36.85.
Imperial Oil Limited (NYSEMKT:IMO) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.11. The business had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.66 billion. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. Equities analysts expect that Imperial Oil Limited will post $1.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.1146 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This is a positive change from Imperial Oil Limited’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 1.40%. Imperial Oil Limited’s dividend payout ratio is 170.37%.
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Several research analysts recently commented on the stock. TheStreet raised shares of Imperial Oil Limited from a “c” rating to a “b-” rating in a research note on Tuesday, January 31st. Macquarie downgraded shares of Imperial Oil Limited from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 24th. TD Securities cut shares of Imperial Oil Limited from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Citigroup Inc. cut shares of Imperial Oil Limited to a “market perform” rating in a report on Tuesday, January 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Imperial Oil Limited from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Monday, December 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.18.
About Imperial Oil Limited
Imperial Oil Ltd is a Canada-based integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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