Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lessened its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,347 shares of the energy company’s stock after selling 5,099 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Imperial Oil were worth $10,182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its holdings in shares of Imperial Oil by 52.6% in the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock valued at $30,000 after buying an additional 180 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Imperial Oil by 84.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock worth $34,000 after purchasing an additional 225 shares during the period. Jones Financial Companies Lllp acquired a new stake in Imperial Oil during the 4th quarter worth $44,000. Assetmark Inc. boosted its stake in Imperial Oil by 938.5% during the 4th quarter. Assetmark Inc. now owns 810 shares of the energy company’s stock worth $46,000 after purchasing an additional 732 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Imperial Oil during the 1st quarter worth $46,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analyst Weigh In

IMO has been the subject of a number of recent research reports. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Wolfe Research initiated coverage on shares of Imperial Oil in a research report on Thursday, July 18th. They set an “outperform” rating and a $108.00 price objective for the company. Raymond James upgraded shares of Imperial Oil to a “hold” rating in a research report on Tuesday, May 28th. Finally, Scotiabank cut their price objective on shares of Imperial Oil from $111.00 to $110.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Imperial Oil presently has an average rating of “Hold” and a consensus target price of $94.80.

Imperial Oil Stock Performance

Shares of IMO traded down $0.86 during trading hours on Tuesday, reaching $69.32. The company had a trading volume of 215,769 shares, compared to its average volume of 388,203. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $37.14 billion, a PE ratio of 11.01 and a beta of 1.47. Imperial Oil Limited has a 12-month low of $51.11 and a 12-month high of $74.58.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, April 26th. The energy company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.10. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $11.61 billion. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. Equities research analysts predict that Imperial Oil Limited will post 6.22 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were issued a $0.4377 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.53%. Imperial Oil’s dividend payout ratio is presently 27.59%.

Imperial Oil 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.