Corient Private Wealth LLC lessened its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO – Free Report) (TSE:IMO) by 23.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,762 shares of the energy company’s stock after selling 4,698 shares during the quarter. Corient Private Wealth LLC’s holdings in Imperial Oil were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Ensign Peak Advisors Inc increased its stake in shares of Imperial Oil by 1.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 9,924 shares of the energy company’s stock worth $858,000 after purchasing an additional 100 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Imperial Oil by 23.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock valued at $46,000 after purchasing an additional 101 shares during the period. Root Financial Partners LLC increased its position in Imperial Oil by 87.8% in the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock worth $25,000 after buying an additional 137 shares in the last quarter. NewEdge Advisors LLC increased its position in Imperial Oil by 1.5% in the second quarter. NewEdge Advisors LLC now owns 12,071 shares of the energy company’s stock worth $959,000 after buying an additional 184 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its stake in shares of Imperial Oil by 2.9% in the fourth quarter. Kathmere Capital Management LLC now owns 6,563 shares of the energy company’s stock worth $566,000 after buying an additional 186 shares during the period. Institutional investors own 20.74% of the company’s stock.
Imperial Oil Stock Performance
NYSEAMERICAN IMO opened at $110.99 on Thursday. The firm has a market cap of $53.67 billion, a price-to-earnings ratio of 26.18 and a beta of 0.45. The company has a quick ratio of 1.02, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $124.10 and a 200-day moving average price of $115.15. Imperial Oil Limited has a twelve month low of $78.87 and a twelve month high of $139.44.
Imperial Oil Dividend Announcement
Analyst Ratings Changes
A number of research firms have recently weighed in on IMO. Imperial Capital reaffirmed a “sell” rating on shares of Imperial Oil in a research report on Tuesday, June 23rd. Zacks Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. TD Securities restated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Finally, Scotiabank raised shares of Imperial Oil to a “hold” rating in a report on Friday, June 26th. Five investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $116.00.
Check Out Our Latest Stock Analysis on IMO
Imperial Oil 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.
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