Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp grew its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMOFree Report) (TSE:IMO) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 428,432 shares of the energy company’s stock after acquiring an additional 44,300 shares during the quarter. Alberta Investment Management Corp owned about 0.08% of Imperial Oil worth $24,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of IMO. The Manufacturers Life Insurance Company raised its holdings in Imperial Oil by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 3,371,517 shares of the energy company’s stock worth $209,148,000 after purchasing an additional 1,801,671 shares in the last quarter. FMR LLC raised its stake in shares of Imperial Oil by 3.6% in the 3rd quarter. FMR LLC now owns 28,557,885 shares of the energy company’s stock worth $1,758,993,000 after buying an additional 1,001,847 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Imperial Oil by 27.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,737,291 shares of the energy company’s stock valued at $168,591,000 after buying an additional 589,017 shares during the period. First Eagle Investment Management LLC boosted its stake in Imperial Oil by 1.4% during the fourth quarter. First Eagle Investment Management LLC now owns 22,495,313 shares of the energy company’s stock valued at $1,281,608,000 after buying an additional 316,009 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in Imperial Oil by 25.7% during the fourth quarter. TD Asset Management Inc now owns 1,124,294 shares of the energy company’s stock worth $64,357,000 after acquiring an additional 229,953 shares during the period. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Up 1.8 %

Shares of IMO traded up $1.25 during mid-day trading on Friday, hitting $70.50. The company’s stock had a trading volume of 715,655 shares, compared to its average volume of 279,914. Imperial Oil Limited has a one year low of $44.98 and a one year high of $74.58. The stock has a market capitalization of $37.78 billion, a price-to-earnings ratio of 11.05 and a beta of 1.46. 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 (NYSEAMERICAN:IMOGet 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 firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $11.61 billion. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. As a group, sell-side analysts anticipate that Imperial Oil Limited will post 6.21 earnings per share for the current year.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.4377 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.75 annualized dividend and a dividend yield of 2.48%. Imperial Oil’s dividend payout ratio (DPR) is currently 27.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com upgraded Imperial Oil from a “hold” rating to a “buy” rating in a research report on Sunday, May 5th. Raymond James raised shares of Imperial Oil to a “hold” rating in a research report on Tuesday, May 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Imperial Oil has a consensus rating of “Hold” and an average price target of $85.33.

View Our Latest Stock Analysis 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.

See Also

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Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

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