Huntington National Bank maintained its stake in shares of Imperial Oil Limited (NYSEMKT:IMO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,656 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Imperial Oil Limited were worth $146,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in IMO. Envestnet Asset Management Inc. raised its stake in shares of Imperial Oil Limited by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 86,869 shares of the company’s stock worth $2,901,000 after buying an additional 6,539 shares during the period. Legal & General Group Plc raised its stake in shares of Imperial Oil Limited by 6.5% in the first quarter. Legal & General Group Plc now owns 1,119,661 shares of the company’s stock worth $37,560,000 after buying an additional 67,929 shares during the period. HBK Investments L P acquired a new stake in shares of Imperial Oil Limited during the first quarter worth $528,000. Goldman Sachs Group Inc. raised its stake in shares of 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 worth $39,371,000 after buying an additional 256,533 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Imperial Oil Limited during the first quarter worth $1,739,000.
Shares of Imperial Oil Limited (NYSEMKT:IMO) traded down 1.32% during mid-day trading on Friday, reaching $32.17. The company’s stock had a trading volume of 131,863 shares. The firm has a market capitalization of $27.27 billion, a P/E ratio of 120.94 and a beta of 1.14. The company has a 50 day moving average of $30.90 and a 200-day moving average of $31.46. Imperial Oil Limited has a 12 month low of $25.55 and a 12 month high of $35.48.
Imperial Oil Limited (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.30. The company earned $6.25 billion during the quarter. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was down 14.4% compared to the same quarter last year. Equities research analysts forecast that Imperial Oil Limited will post $0.37 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Friday, September 2nd were given a dividend of $0.1135 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.45 annualized dividend and a dividend yield of 1.41%. Imperial Oil Limited’s dividend payout ratio is presently 170.37%.
A number of brokerages have weighed in on IMO. Credit Suisse Group AG set a $46.00 price objective on Imperial Oil Limited and gave the company a “hold” rating in a research note on Sunday, July 31st. Raymond James Financial Inc. upgraded Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 22nd. Citigroup Inc. upgraded Imperial Oil Limited to an “outperform” rating and set a $50.00 target price for the company in a research report on Thursday, September 22nd. RBC Capital Markets reiterated a “sector perform” rating and issued a $47.00 target price on shares of Imperial Oil Limited in a research report on Friday, September 23rd. Finally, JPMorgan Chase & Co. assumed coverage on Imperial Oil Limited in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus 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.
Want to see what other hedge funds are holding IMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Imperial Oil Limited (NYSEMKT:IMO).
Receive News & Ratings for Imperial Oil Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil Limited and related companies with MarketBeat.com's FREE daily email newsletter.