Candriam Luxembourg S.C.A. boosted its stake in shares of Imperial Oil Limited (NYSEMKT:IMO) by 24.3% during the second quarter, Holdings Channel reports. The institutional investor owned 17,945 shares of the company’s stock after buying an additional 3,507 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Imperial Oil Limited were worth $565,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Zions Bancorporation raised its stake in shares of Imperial Oil Limited by 1,948.1% in the first quarter. Zions Bancorporation now owns 4,731 shares of the company’s stock valued at $158,000 after buying an additional 4,500 shares during the last quarter. K.J. Harrison & Partners Inc bought a new stake in shares of Imperial Oil Limited during the second quarter valued at about $226,000. Albert D Mason Inc. raised its stake in shares of Imperial Oil Limited by 1.0% in the second quarter. Albert D Mason Inc. now owns 12,198 shares of the company’s stock valued at $385,000 after buying an additional 125 shares during the last quarter. AMF Pensionsforsakring AB bought a new stake in shares of Imperial Oil Limited during the first quarter valued at about $499,000. Finally, M&T Bank Corp raised its stake in shares of Imperial Oil Limited by 1.7% in the first quarter. M&T Bank Corp now owns 14,913 shares of the company’s stock valued at $498,000 after buying an additional 244 shares during the last quarter.
Imperial Oil Limited (NYSEMKT:IMO) traded up 1.87% during midday trading on Monday, reaching $32.77. 61,240 shares of the company were exchanged. The firm has a market capitalization of $27.78 billion, a PE ratio of 122.73 and a beta of 1.14. Imperial Oil Limited has a 52 week low of $25.55 and a 52 week high of $35.48. The company has a 50-day moving average of $30.90 and a 200 day moving average of $31.46.
Imperial Oil Limited (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by $0.30. The business had revenue of $6.25 billion for the quarter. During the same quarter last year, the company posted $0.14 earnings per share. The business’s revenue was down 14.4% on a year-over-year basis. Equities analysts predict that Imperial Oil Limited will post $0.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd were issued a dividend of $0.1135 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Wednesday, August 31st. Imperial Oil Limited’s dividend payout ratio (DPR) is currently 170.37%.
A number of brokerages have recently weighed in on IMO. JPMorgan Chase & Co. began coverage on shares of Imperial Oil Limited in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Scotiabank restated a “sector perform” rating and issued a $45.00 price objective on shares of Imperial Oil Limited in a report on Friday, September 23rd. Citigroup Inc. upgraded shares of Imperial Oil Limited to an “outperform” rating and set a $50.00 price objective for the company in a report on Thursday, September 22nd. TD Securities restated a “buy” rating and issued a $48.00 price objective (down from $49.00) on shares of Imperial Oil Limited in a report on Thursday, August 4th. Finally, Credit Suisse Group AG set a $46.00 price objective on shares of Imperial Oil Limited and gave the stock a “hold” rating in a report on Sunday, July 31st. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $44.90.
About Imperial Oil Limited
Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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