Tdam USA Inc. Has $271,000 Stake in Imperial Oil Ltd (NYSEMKT:IMO)

Tdam USA Inc. continued to hold its position in shares of Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) during the second quarter, Holdings Channel reports. The fund owned 9,300 shares of the energy company’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in Imperial Oil were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IMO. Mawer Investment Management Ltd. boosted its position in shares of Imperial Oil by 210.3% in the first quarter. Mawer Investment Management Ltd. now owns 8,368,089 shares of the energy company’s stock valued at $380,132,000 after buying an additional 5,671,213 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Imperial Oil by 62.2% in the first quarter. First Eagle Investment Management LLC now owns 8,487,803 shares of the energy company’s stock valued at $258,241,000 after buying an additional 3,255,924 shares during the period. American Century Companies Inc. boosted its position in shares of 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 period. Scout Investments Inc. boosted its position in shares of Imperial Oil by 146.5% in the first quarter. Scout Investments Inc. now owns 1,263,569 shares of the energy company’s stock valued at $42,203,000 after buying an additional 751,060 shares during the period. Finally, Morgan Stanley boosted its position in shares of Imperial Oil by 172.2% in the first quarter. Morgan Stanley now owns 635,896 shares of the energy company’s stock valued at $19,394,000 after buying an additional 402,289 shares during the period.

Imperial Oil Ltd (NYSEMKT IMO) opened at 28.69 on Friday. The firm has a market capitalization of $24.22 billion, a price-to-earnings ratio of 11.32 and a beta of 1.14. Imperial Oil Ltd has a one year low of $27.59 and a one year high of $36.85. The stock’s 50 day moving average price is $29.13 and its 200-day moving average price is $30.09.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, July 28th. The energy company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.30. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $8.40 billion. Imperial Oil had a net margin of 4.76% and a return on equity of 5.31%. Imperial Oil’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.21) EPS. On average, equities research analysts anticipate that Imperial Oil Ltd will post $1.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 1st will be paid a $0.1279 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.51 dividend on an annualized basis and a yield of 1.78%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.12. Imperial Oil’s payout ratio is currently 170.37%.

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A number of equities research analysts have issued reports on the company. CIBC cut Imperial Oil from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, May 23rd. Zacks Investment Research upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, May 16th. BidaskClub upgraded Imperial Oil from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Raymond James Financial, Inc. cut Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Finally, ValuEngine upgraded Imperial Oil from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price 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.

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

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