Imperial Oil Limited $IMO Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 23.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 569,676 shares of the energy company’s stock after purchasing an additional 108,700 shares during the period. Swiss National Bank’s holdings in Imperial Oil were worth $74,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC raised its position in Imperial Oil by 5.0% during the 1st quarter. AQR Capital Management LLC now owns 34,218 shares of the energy company’s stock worth $2,475,000 after buying an additional 1,627 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Imperial Oil by 54.7% in the first quarter. NewEdge Advisors LLC now owns 11,887 shares of the energy company’s stock worth $860,000 after acquiring an additional 4,201 shares during the period. Focus Partners Wealth acquired a new stake in shares of Imperial Oil in the first quarter worth $200,000. Cetera Investment Advisers raised its holdings in shares of Imperial Oil by 6.8% during the second quarter. Cetera Investment Advisers now owns 4,569 shares of the energy company’s stock worth $363,000 after purchasing an additional 291 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Imperial Oil by 4.7% during the second quarter. Invesco Ltd. now owns 354,865 shares of the energy company’s stock worth $28,205,000 after purchasing an additional 15,834 shares during the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Up 1.2%

Shares of IMO opened at $124.22 on Wednesday. The firm has a market cap of $60.07 billion, a P/E ratio of 29.30 and a beta of 0.45. Imperial Oil Limited has a 12 month low of $81.71 and a 12 month high of $139.44. The stock’s 50 day moving average is $121.68 and its two-hundred day moving average is $118.44. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.

Imperial Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 4th were paid a $0.87 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Imperial Oil’s dividend payout ratio (DPR) is currently 38.24%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on IMO shares. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Imperial Capital reissued a “sell” rating on shares of Imperial Oil in a report on Tuesday, June 23rd. Desjardins upgraded Imperial Oil to a “hold” rating in a research note on Thursday, July 16th. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Imperial Oil in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $116.00.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.