K.J. Harrison & Partners Inc acquired a new stake in Imperial Oil Limited (NYSEMKT:IMO) during the second quarter, Holdings Channel reports. The firm acquired 7,200 shares of the company’s stock, valued at approximately $226,000.
Several other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Imperial Oil Limited by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,178,761 shares of the company’s stock valued at $39,371,000 after buying an additional 256,533 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Imperial Oil Limited during the first quarter worth $1,739,000. Scotia Capital Inc. raised its stake in Imperial Oil Limited by 14.0% in the first quarter. Scotia Capital Inc. now owns 227,685 shares of the company’s stock worth $7,609,000 after buying an additional 27,904 shares during the last quarter. 1832 Asset Management L.P. raised its stake in Imperial Oil Limited by 574.0% in the first quarter. 1832 Asset Management L.P. now owns 466,772 shares of the company’s stock worth $21,592,000 after buying an additional 397,517 shares during the last quarter. Finally, Credit Agricole S A raised its stake in Imperial Oil Limited by 101.5% in the first quarter. Credit Agricole S A now owns 151,164 shares of the company’s stock worth $5,049,000 after buying an additional 76,156 shares during the last quarter.
Imperial Oil Limited (NYSEMKT:IMO) traded down 0.13% on Monday, hitting $30.06. 254,326 shares of the stock were exchanged. The stock has a market cap of $25.48 billion, a PE ratio of 113.43 and a beta of 1.14. The company’s 50 day moving average is $30.88 and its 200 day moving average is $31.59. Imperial Oil Limited has a 1-year low of $25.55 and a 1-year high of $35.48.
Imperial Oil Limited (NYSEMKT:IMO) last posted its earnings results 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 company earned $6.25 billion during the quarter. During the same quarter in the previous year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. On average, equities research analysts expect that Imperial Oil Limited will post $0.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be given a dividend of $0.1135 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, August 31st. Imperial Oil Limited’s dividend payout ratio (DPR) is currently 170.37%.
A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Imperial Oil Limited in a report on Thursday, August 25th. They set a “neutral” rating for the company. Credit Suisse Group AG reiterated a “neutral” rating and set a $48.00 price objective (up from $46.00) on shares of Imperial Oil Limited in a research note on Wednesday, August 24th. Bank of America Corp. initiated coverage on shares of Imperial Oil Limited in a research note on Friday, August 19th. They set an “underperform” rating and a $32.00 price objective on the stock. RBC Capital Markets reiterated a “sector perform” rating and set a $47.00 price objective on shares of Imperial Oil Limited in a research note on Friday. Finally, TD Securities reiterated a “buy” rating and set a $48.00 price objective (down from $49.00) on shares of Imperial Oil Limited in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Imperial Oil Limited presently has a consensus rating of “Hold” and an average target price of $44.90.
Imperial Oil Limited Company Profile
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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