Capital World Investors Has $51.59 Million Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Capital World Investors lifted its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 134.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 747,929 shares of the energy company’s stock after buying an additional 428,252 shares during the period. Capital World Investors owned about 0.14% of Imperial Oil worth $51,588,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of IMO. Chou Associates Management Inc. bought a new stake in shares of Imperial Oil during the 1st quarter valued at approximately $353,000. Bessemer Group Inc. grew its stake in shares of Imperial Oil by 1,250.9% during the first quarter. Bessemer Group Inc. now owns 7,849 shares of the energy company’s stock worth $542,000 after buying an additional 7,268 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Imperial Oil by 68.8% during the first quarter. UniSuper Management Pty Ltd now owns 2,700 shares of the energy company’s stock worth $187,000 after buying an additional 1,100 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of Imperial Oil in the 1st quarter valued at $466,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Imperial Oil during the 1st quarter valued at $720,000. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Up 0.6 %

NYSEAMERICAN IMO opened at $71.03 on Friday. Imperial Oil Limited has a one year low of $51.23 and a one year high of $74.58. 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 cap of $38.06 billion, a P/E ratio of 11.13 and a beta of 1.47.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings data on Friday, April 26th. The energy company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.55 by $0.10. The company 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%. On average, equities analysts predict that Imperial Oil Limited will post 6.22 EPS for the current year.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were given a dividend of $0.4377 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.46%. Imperial Oil’s dividend payout ratio (DPR) is presently 27.59%.

Wall Street Analyst Weigh In

IMO has been the subject of several research reports. Raymond James upgraded Imperial Oil to a “hold” rating in a research report on Tuesday, May 28th. 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 target price on the stock. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. Finally, Scotiabank dropped their price target on shares of Imperial Oil from $111.00 to $110.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Imperial Oil has a consensus rating of “Hold” and a consensus target price of $94.80.

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.