UBS Asset Management Americas Inc. Lowers Position in Imperial Oil Ltd (IMO)

UBS Asset Management Americas Inc. reduced its stake in shares of Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) by 1.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 695,568 shares of the energy company’s stock after selling 8,431 shares during the period. UBS Asset Management Americas Inc.’s holdings in Imperial Oil were worth $21,133,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in IMO. Norges Bank purchased a new position in Imperial Oil during the fourth quarter valued at $112,156,000. American Century Companies Inc. boosted its position in Imperial Oil by 11.6% in the first quarter. American Century Companies Inc. now owns 10,008,780 shares of the energy company’s stock valued at $304,965,000 after buying an additional 1,042,255 shares during the last quarter. Fiera Capital Corp boosted its position in Imperial Oil by 342.4% in the fourth quarter. Fiera Capital Corp now owns 713,101 shares of the energy company’s stock valued at $24,765,000 after buying an additional 551,921 shares during the last quarter. APG Asset Management N.V. boosted its position in Imperial Oil by 49.4% in the first quarter. APG Asset Management N.V. now owns 646,342 shares of the energy company’s stock valued at $19,638,000 after buying an additional 213,779 shares during the last quarter. Finally, Korea Investment CORP boosted its position in Imperial Oil by 558.7% in the first quarter. Korea Investment CORP now owns 230,559 shares of the energy company’s stock valued at $7,005,000 after buying an additional 195,559 shares during the last quarter.

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

Shares of Imperial Oil Ltd (IMO) opened at 29.70 on Tuesday. The stock has a 50 day moving average price of $28.72 and a 200 day moving average price of $31.53. The stock has a market capitalization of $25.17 billion, a price-to-earnings ratio of 13.08 and a beta of 1.14. Imperial Oil Ltd has a 1-year low of $27.59 and a 1-year high of $36.85.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last posted its earnings results on Friday, April 28th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.13. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $9.14 billion. Imperial Oil had a net margin of 4.76% and a return on equity of 5.31%. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. Equities research analysts anticipate that Imperial Oil Ltd will post $1.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Investors of record on Friday, June 2nd will be given a dividend of $0.1185 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This is an increase from Imperial Oil’s previous quarterly dividend of $0.11. This represents a $0.47 dividend on an annualized basis and a yield of 1.60%. Imperial Oil’s payout ratio is currently 170.37%.

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Several equities analysts have recently weighed in on IMO shares. Zacks Investment Research raised Imperial Oil from a “strong sell” rating to a “hold” rating in a report on Monday. CIBC cut Imperial Oil from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, May 23rd. Raymond James Financial, Inc. raised Imperial Oil from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 12th. Canaccord Genuity reissued a “hold” rating and set a $45.00 price target on shares of Imperial Oil in a report on Saturday, March 11th. Finally, TheStreet cut Imperial Oil from a “b-” rating to a “c+” rating in a report on Tuesday, March 14th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $44.78.

Imperial Oil Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IMO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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