Lombard Odier Asset Management Switzerland SA Takes Position in Imperial Oil Limited $IMO

Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 5,460 shares of the energy company’s stock, valued at approximately $715,000.

A number of other hedge funds have also modified their holdings of the stock. Root Financial Partners LLC raised its position in shares of Imperial Oil by 87.8% during the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock worth $25,000 after purchasing an additional 137 shares during the period. McMillan Office Inc. purchased a new stake in shares of Imperial Oil during the fourth quarter valued at $26,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Imperial Oil by 737.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after purchasing an additional 450 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Imperial Oil by 23.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock valued at $46,000 after purchasing an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new position in Imperial Oil in the 3rd quarter worth about $54,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Stock Performance

Shares of IMO stock opened at $125.73 on Wednesday. The company has a market capitalization of $60.80 billion, a price-to-earnings ratio of 29.65 and a beta of 0.45. Imperial Oil Limited has a 1-year low of $81.87 and a 1-year high of $139.44. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $120.87 and its 200-day simple moving average is $119.83.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th were given a dividend of $0.87 per share. The ex-dividend date was Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Imperial Oil’s dividend payout ratio (DPR) is presently 38.24%.

Analyst Ratings Changes

IMO has been the topic of several recent analyst reports. Imperial Capital restated a “sell” rating on shares of Imperial Oil in a report on Tuesday, June 23rd. Desjardins raised shares of Imperial Oil to a “hold” rating in a research report on Thursday, July 16th. TD Securities restated a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. Scotiabank restated a “sector perform” rating on shares of Imperial Oil in a report on Friday, July 17th. Finally, Zacks Research raised shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $116.00.

About Imperial Oil

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.