Vanguard Group Inc. Sells 14,681 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Vanguard Group Inc. cut its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,488,607 shares of the energy company’s stock after selling 14,681 shares during the quarter. Vanguard Group Inc. owned about 1.27% of Imperial Oil worth $468,705,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Bank of Nova Scotia lifted its position in shares of Imperial Oil by 0.7% during the first quarter. Bank of Nova Scotia now owns 574,221 shares of the energy company’s stock worth $41,485,000 after purchasing an additional 3,773 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Imperial Oil by 0.8% during the first quarter. PNC Financial Services Group Inc. now owns 193,950 shares of the energy company’s stock worth $14,026,000 after purchasing an additional 1,522 shares during the last quarter. IFG Advisory LLC lifted its position in shares of Imperial Oil by 16.6% during the first quarter. IFG Advisory LLC now owns 32,223 shares of the energy company’s stock worth $2,330,000 after purchasing an additional 4,581 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Imperial Oil by 54.7% during the first quarter. Mackenzie Financial Corp now owns 690,024 shares of the energy company’s stock worth $49,842,000 after purchasing an additional 243,894 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Imperial Oil by 68.6% during the first quarter. LPL Financial LLC now owns 79,692 shares of the energy company’s stock worth $5,763,000 after purchasing an additional 32,437 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on IMO shares. Raymond James Financial downgraded Imperial Oil from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 3rd. Tudor Pickering lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Desjardins lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 3rd. BMO Capital Markets reiterated an “outperform” rating on shares of Imperial Oil in a research note on Monday, August 4th. Finally, Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $105.50.

Imperial Oil Stock Performance

NYSEAMERICAN IMO opened at $83.60 on Friday. The stock has a market cap of $42.35 billion, a PE ratio of 12.88 and a beta of 0.92. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a twelve month low of $58.76 and a twelve month high of $86.91. The stock has a fifty day simple moving average of $81.84 and a 200-day simple moving average of $72.91.

Imperial Oil Company Profile

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.