Candriam S.C.A. Buys 5,240 Shares of Imperial Oil Limited $IMO

Candriam S.C.A. raised its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO – Free Report) (TSE:IMO) by 238.2% during the 3rd quarter, Holdings Channel reports. The fund owned 7,440 shares of the energy company’s stock after purchasing an additional 5,240 shares during the period. Candriam S.C.A.’s holdings in Imperial Oil were worth $920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IMO. Sawyer & Company Inc purchased a new position in shares of Imperial Oil in the 3rd quarter valued at $27,000. CoreCap Advisors LLC lifted its stake in shares of Imperial Oil by 20.5% during the 2nd quarter. CoreCap Advisors LLC now owns 954 shares of the energy company’s stock worth $107,000 after purchasing an additional 162 shares during the last quarter. Eastern Bank lifted its stake in shares of Imperial Oil by 100.0% during the 2nd quarter. Eastern Bank now owns 1,000 shares of the energy company’s stock worth $112,000 after purchasing an additional 500 shares during the last quarter. Lazari Capital Management Inc. purchased a new stake in shares of Imperial Oil during the 3rd quarter worth $205,000. Finally, Sigma Planning Corp bought a new stake in Imperial Oil during the first quarter valued at about $208,000. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a report on Wednesday, August 5th. UBS Group restated a “buy” rating on shares of Imperial Oil in a report on Monday, September 14th. Raymond James Financial restated an “underperform” rating on shares of Imperial Oil in a report on Wednesday, September 16th. Zacks Research raised shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, Desjardins upgraded shares of Imperial Oil to a “hold” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Imperial Oil currently has an average rating of “Reduce” and a consensus price target of $116.00.

Get Our Latest Analysis on Imperial Oil

Imperial Oil Trading Up 2.8%

Shares of NYSEAMERICAN:IMO opened at $126.70 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a 12-month low of $83.27 and a 12-month high of $139.44. The business has a 50 day moving average of $128.55 and a two-hundred day moving average of $124.79. The company has a market capitalization of $59.80 billion, a PE ratio of 12.66 and a beta of 0.55.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 1st. Stockholders of record on Thursday, December 3rd will be issued a dividend of C$0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 3rd. Imperial Oil’s payout ratio is 38.09%.

About Imperial Oil

(Free Report)

Imperial Oil is an integrated energy company based in Calgary, Alberta, with operations spanning oil and natural gas production, refining, and the marketing of fuels and other petroleum products. Founded in 1880, it is one of Canada’s longest-standing petroleum companies and is majority-owned by Exxon Mobil. The company produces oil and natural gas from conventional resources and oil sands, including operations at Cold Lake and Kearl, as well as its participation in the Syncrude project. Its downstream business refines crude oil into transportation fuels and other products, which it sells in Canada primarily through the Esso and Mobil brands.

Further Reading

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

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