Imperial Oil Limited $IMO Stock Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 734,540 shares of the energy company’s stock after purchasing an additional 23,508 shares during the period. TD Waterhouse Canada Inc.’s holdings in Imperial Oil were worth $90,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in shares of Imperial Oil by 1,446.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 727 shares of the energy company’s stock valued at $63,000 after acquiring an additional 680 shares in the last quarter. SHP Wealth Management bought a new position in Imperial Oil during the fourth quarter worth $75,000. CoreCap Advisors LLC lifted its stake in Imperial Oil by 20.5% during the second quarter. CoreCap Advisors LLC now owns 954 shares of the energy company’s stock worth $107,000 after purchasing an additional 162 shares during the last quarter. Eastern Bank boosted its holdings in Imperial Oil by 100.0% in the second quarter. Eastern Bank now owns 1,000 shares of the energy company’s stock worth $112,000 after purchasing an additional 500 shares during the period. Finally, Sigma Planning Corp acquired a new position in Imperial Oil in the first quarter worth $208,000. 20.74% of the stock is owned by institutional investors.

Imperial Oil Stock Performance

Shares of IMO traded up $4.33 during mid-day trading on Friday, reaching $133.92. 948,364 shares of the company’s stock traded hands, compared to its average volume of 569,375. The business’s 50-day moving average price is $129.33 and its 200-day moving average price is $126.22. The stock has a market capitalization of $63.21 billion, a P/E ratio of 21.72 and a beta of 0.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.19 and a current ratio of 1.38. Imperial Oil Limited has a 12 month low of $83.27 and a 12 month high of $139.44.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, July 31st. The energy company reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $1.53. Imperial Oil had a return on equity of 22.28% and a net margin of 8.03%. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.92 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The business’s revenue was up 43.0% on a year-over-year basis. Equities analysts predict that Imperial Oil Limited will post 11.19 earnings per share for the current year.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 4th were paid a dividend of C$0.87 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $3.48 annualized dividend and a yield of 2.6%. Imperial Oil’s payout ratio is presently 38.09%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, August 5th. Scotiabank restated a “sector perform” rating on shares of Imperial Oil in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce reaffirmed an “underperform” rating on shares of Imperial Oil in a report on Friday, October 9th. Raymond James Financial reaffirmed an “underperform” rating on shares of Imperial Oil in a report on Wednesday, September 16th. Finally, Desjardins upgraded shares of Imperial Oil to a “hold” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Imperial Oil currently has a consensus rating of “Reduce” and an average target price of $116.00.

Imperial Oil Profile

Imperial Oil Limited is an integrated Canadian energy company engaged in the exploration, production, transportation, refining and marketing of crude oil and natural gas. Founded in 1880, the company is headquartered in Calgary, Alberta, and has operations primarily across Canada.

Imperial’s upstream business includes oil sands production at its Kearl and Cold Lake projects, as well as conventional oil and natural gas activities. The company also holds an interest in Syncrude, one of Canada’s major oil sands mining and upgrading operations.