Imperial Oil Limited $IMO Shares Bought by Fiera Capital Corp

by · The Cerbat Gem

Fiera Capital Corp lifted its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO – Free Report) (TSE:IMO) by 1,294.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,811 shares of the energy company’s stock after buying an additional 282,949 shares during the period. Fiera Capital Corp owned approximately 0.06% of Imperial Oil worth $24,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Asset Management Inc raised its stake in Imperial Oil by 1.0% during the 1st quarter. TD Asset Management Inc now owns 4,873,843 shares of the energy company’s stock valued at $352,014,000 after acquiring an additional 47,898 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Imperial Oil by 395.8% during the first quarter. Goldman Sachs Group Inc. now owns 4,546,520 shares of the energy company’s stock valued at $328,804,000 after purchasing an additional 3,629,568 shares during the period. Bank of Montreal Can raised its stake in shares of Imperial Oil by 16.2% during the second quarter. Bank of Montreal Can now owns 3,235,443 shares of the energy company’s stock valued at $257,194,000 after purchasing an additional 451,369 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Imperial Oil by 18.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,989 shares of the energy company’s stock valued at $163,413,000 after purchasing an additional 318,696 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Imperial Oil by 20.5% in the second quarter. Geode Capital Management LLC now owns 1,448,565 shares of the energy company’s stock worth $116,420,000 after purchasing an additional 246,634 shares during the period. 20.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

IMO has been the topic of several research analyst reports. Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a report on Tuesday, November 4th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Imperial Oil in a report on Wednesday, November 5th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Imperial Oil in a research report on Monday, August 4th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Imperial Oil has a consensus rating of “Reduce” and an average price target of $115.00.

Read Our Latest Report on Imperial Oil

Imperial Oil Trading Down 0.7%

Shares of NYSEAMERICAN:IMO opened at $96.13 on Friday. The stock has a market capitalization of $47.76 billion, a price-to-earnings ratio of 14.81 and a beta of 0.83. Imperial Oil Limited has a 1-year low of $58.76 and a 1-year high of $97.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58. The company has a 50 day moving average price of $90.70 and a 200 day moving average price of $83.23.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.88 annualized dividend and a dividend yield of 3.0%. Imperial Oil’s dividend payout ratio (DPR) is currently 31.87%.

Imperial Oil Profile

(Free Report)

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.

Further Reading

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