NN Investment Partners Holdings N.V. Sells 13,762 Shares of Imperial Oil Ltd (IMO)

NN Investment Partners Holdings N.V. reduced its position in Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) by 11.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,135 shares of the energy company’s stock after selling 13,762 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Imperial Oil were worth $3,116,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Imperial Oil by 4.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 852,687 shares of the energy company’s stock worth $26,679,000 after buying an additional 35,953 shares during the last quarter. TD Asset Management Inc. increased its stake in Imperial Oil by 4.9% in the third quarter. TD Asset Management Inc. now owns 7,836,372 shares of the energy company’s stock worth $244,706,000 after buying an additional 365,287 shares during the last quarter. BOKF NA increased its stake in Imperial Oil by 25,806.5% in the third quarter. BOKF NA now owns 24,093 shares of the energy company’s stock worth $755,000 after buying an additional 24,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Imperial Oil by 12.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,302 shares of the energy company’s stock worth $3,163,000 after buying an additional 11,358 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Imperial Oil by 4.9% in the third quarter. Hsbc Holdings PLC now owns 271,879 shares of the energy company’s stock worth $8,535,000 after buying an additional 12,643 shares during the last quarter.

Institutional Ownership by Quarter for Imperial Oil (NYSEMKT:IMO)

Shares of Imperial Oil Ltd (NYSEMKT:IMO) traded up 2.37% on Friday, hitting $28.99. 180,094 shares of the stock traded hands. Imperial Oil Ltd has a 52 week low of $28.11 and a 52 week high of $36.85. The firm’s 50 day moving average is $29.62 and its 200 day moving average is $32.18. The firm has a market capitalization of $24.57 billion, a PE ratio of 12.91 and a beta of 1.14.

Imperial Oil (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, April 28th. The energy company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.13. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same quarter in the previous year, the company posted ($0.12) earnings per share. On average, analysts expect that Imperial Oil Ltd will post $1.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Friday, June 2nd will be given a $0.1185 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, May 31st. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.11. Imperial Oil’s payout ratio is currently 170.37%.

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A number of equities research analysts have issued reports on IMO shares. Macquarie downgraded shares of Imperial Oil from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 24th. TheStreet upgraded shares of Imperial Oil from a “c” rating to a “b-” rating in a research note on Tuesday, January 31st. Canaccord Genuity restated a “hold” rating and set a $45.00 price target on shares of Imperial Oil in a research note on Saturday, March 11th. Zacks Investment Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 30th. Finally, Goldman Sachs Group Inc lowered shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research note on Wednesday, April 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.78.

About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

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