TD Waterhouse Canada Inc. Has $42.67 Million Stock Holdings in Imperial Oil Limited $IMO

TD Waterhouse Canada Inc. raised its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 219.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 532,311 shares of the energy company’s stock after buying an additional 365,936 shares during the period. TD Waterhouse Canada Inc. owned about 0.10% of Imperial Oil worth $42,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. IMG Wealth Management Inc. acquired a new stake in shares of Imperial Oil in the 2nd quarter worth about $28,000. Northwestern Mutual Wealth Management Co. boosted its stake in Imperial Oil by 88.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock valued at $39,000 after purchasing an additional 255 shares during the last quarter. Banque Transatlantique SA bought a new stake in Imperial Oil during the 1st quarter worth approximately $87,000. Focus Partners Wealth purchased a new stake in shares of Imperial Oil in the first quarter worth approximately $200,000. Finally, Lingohr Asset Management GmbH purchased a new stake in shares of Imperial Oil in the second quarter worth approximately $204,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Stock Up 2.1%

Shares of NYSEAMERICAN:IMO opened at $100.83 on Wednesday. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $101.01. The company has a market capitalization of $50.10 billion, a PE ratio of 15.54 and a beta of 0.83. The business has a fifty day moving average price of $91.39 and a two-hundred day moving average price of $84.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.34.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is 31.87%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 23rd. BMO Capital Markets restated an “outperform” rating on shares of Imperial Oil in a research note on Monday, August 4th. Tudor Pickering lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Cibc World Mkts downgraded shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $115.00.

About Imperial Oil

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.