OLD National Bancorp IN Boosts Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

OLD National Bancorp IN lifted its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,920 shares of the energy company’s stock after buying an additional 187 shares during the period. OLD National Bancorp IN’s holdings in Imperial Oil were worth $241,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IMO. Blue Trust Inc. grew its position in Imperial Oil by 19.9% during the fourth quarter. Blue Trust Inc. now owns 11,699 shares of the energy company’s stock valued at $721,000 after buying an additional 1,943 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Imperial Oil during the 4th quarter valued at approximately $351,000. Ballentine Partners LLC increased its stake in shares of Imperial Oil by 8.0% during the 4th quarter. Ballentine Partners LLC now owns 3,900 shares of the energy company’s stock worth $240,000 after purchasing an additional 288 shares during the last quarter. Winch Advisory Services LLC purchased a new position in Imperial Oil in the fourth quarter valued at approximately $26,000. Finally, Burney Co. lifted its stake in Imperial Oil by 5.9% in the fourth quarter. Burney Co. now owns 33,432 shares of the energy company’s stock valued at $2,059,000 after purchasing an additional 1,872 shares during the last quarter. 20.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IMO shares. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Stock Down 6.7 %

Shares of IMO opened at $66.64 on Monday. Imperial Oil Limited has a 1-year low of $55.82 and a 1-year high of $80.17. The company has a market capitalization of $33.92 billion, a P/E ratio of 9.93 and a beta of 1.45. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

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.