Imperial Oil Ltd (IMO) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) by 51.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,712 shares of the energy company’s stock after purchasing an additional 47,244 shares during the period. Gotham Asset Management LLC’s holdings in Imperial Oil were worth $4,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guardian Capital LP boosted its position in shares of Imperial Oil by 9.2% during the 2nd quarter. Guardian Capital LP now owns 33,339 shares of the energy company’s stock valued at $971,000 after acquiring an additional 2,801 shares in the last quarter. Guardian Capital Advisors LP boosted its position in shares of Imperial Oil by 7.0% during the 2nd quarter. Guardian Capital Advisors LP now owns 117,638 shares of the energy company’s stock valued at $4,373,000 after acquiring an additional 7,701 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of Imperial Oil by 30.0% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 249,757 shares of the energy company’s stock valued at $7,270,000 after acquiring an additional 57,630 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Imperial Oil by 9.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 635,275 shares of the energy company’s stock valued at $18,537,000 after acquiring an additional 55,757 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its position in shares of Imperial Oil by 9.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 9,207 shares of the energy company’s stock valued at $268,000 after acquiring an additional 817 shares in the last quarter.

Imperial Oil Ltd (NYSEMKT:IMO) opened at 31.07 on Friday. Imperial Oil Ltd has a 52 week low of $27.59 and a 52 week high of $36.85. The firm has a 50 day moving average of $30.98 and a 200-day moving average of $29.66. The company has a market capitalization of $26.23 billion, a P/E ratio of 11.87 and a beta of 1.14.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last posted its quarterly earnings results on Friday, July 28th. The energy company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.30). Imperial Oil had a negative net margin of 1.10% and a negative return on equity of 1.23%. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $8.40 billion. During the same quarter in the previous year, the business posted ($0.21) earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts forecast that Imperial Oil Ltd will post $0.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 1st were paid a $0.1279 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.12. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Wednesday, August 30th. Imperial Oil’s dividend payout ratio (DPR) is presently 170.37%.

IMO has been the topic of several recent research reports. BidaskClub lowered shares of Imperial Oil from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Raymond James Financial, Inc. lowered shares of Imperial Oil from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of Imperial Oil from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. J P Morgan Chase & Co lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating and set a $38.00 price target on the stock. in a research report on Thursday, September 14th. Finally, National Bank Financial assumed coverage on shares of Imperial Oil in a research report on Tuesday, June 27th. They issued a “sector perform” rating on the stock. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $46.20.

TRADEMARK VIOLATION NOTICE: This article was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.themarketsdaily.com/2017/10/13/imperial-oil-ltd-imo-shares-bought-by-gotham-asset-management-llc.html.

About Imperial Oil

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.

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

Receive News & Ratings for Imperial Oil Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply