Mawer Investment Management Ltd. trimmed its holdings in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 21.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,587,714 shares of the energy company’s stock after selling 430,312 shares during the period. Mawer Investment Management Ltd. owned about 0.19% of Imperial Oil worth $50,749,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Artisan Partners Limited Partnership grew its stake in Imperial Oil by 24.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 21,292,920 shares of the energy company’s stock worth $620,660,000 after acquiring an additional 4,243,469 shares during the period. First Eagle Investment Management LLC grew its stake in Imperial Oil by 30.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 12,113,231 shares of the energy company’s stock worth $387,134,000 after acquiring an additional 2,793,989 shares during the period. TD Asset Management Inc. grew its stake in Imperial Oil by 10.2% in the 2nd quarter. TD Asset Management Inc. now owns 8,573,953 shares of the energy company’s stock worth $249,559,000 after acquiring an additional 794,733 shares during the period. American Century Companies Inc. boosted its holdings in shares of Imperial Oil by 4.6% in the 2nd quarter. American Century Companies Inc. now owns 10,464,468 shares of the energy company’s stock valued at $305,029,000 after purchasing an additional 455,688 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Imperial Oil by 165,750.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 331,700 shares of the energy company’s stock valued at $9,654,000 after purchasing an additional 331,500 shares during the last quarter.
Imperial Oil Ltd (IMO) traded down $0.14 during trading hours on Thursday, hitting $30.88. 107,815 shares of the company traded hands, compared to its average volume of 239,605. Imperial Oil Ltd has a 1-year low of $27.59 and a 1-year high of $36.85.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, October 27th. The energy company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). Imperial Oil had a return on equity of 5.95% and a net margin of 5.19%. The firm had revenue of $5.71 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the prior year, the firm earned $1.18 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. Imperial Oil’s dividend payout ratio is currently 26.04%.
A number of equities analysts have weighed in on IMO shares. TheStreet upgraded shares of Imperial Oil from a “c” rating to a “b-” rating in a report on Friday, October 27th. Morgan Stanley lifted their price target on shares of Imperial Oil from $36.00 to $42.00 and gave the company an “underweight” rating in a report on Friday, October 13th. BidaskClub upgraded shares of Imperial Oil from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Barclays lowered shares of Imperial Oil from an “overweight” rating to an “underweight” rating in a report on Thursday, November 2nd. Finally, AltaCorp Capital lowered shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Wednesday, August 23rd. Eight research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Imperial Oil currently has an average rating of “Hold” and an average target price of $41.25.
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Imperial Oil Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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