Amundi Grows Position in Imperial Oil Limited $IMO

Amundi raised its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.9% during the second quarter, HoldingsChannel.com reports. The firm owned 641,931 shares of the energy company’s stock after purchasing an additional 24,225 shares during the period. Amundi’s holdings in Imperial Oil were worth $51,984,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of Imperial Oil by 395.8% during the first quarter. Goldman Sachs Group Inc. now owns 4,546,520 shares of the energy company’s stock valued at $328,804,000 after buying an additional 3,629,568 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Imperial Oil by 273.2% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 658,949 shares of the energy company’s stock valued at $47,607,000 after acquiring an additional 482,393 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Imperial Oil by 1,233.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 498,056 shares of the energy company’s stock valued at $35,983,000 after acquiring an additional 460,696 shares during the period. Bank of Montreal Can grew its position in Imperial Oil by 16.2% in the 2nd quarter. Bank of Montreal Can now owns 3,235,443 shares of the energy company’s stock valued at $257,194,000 after acquiring an additional 451,369 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in Imperial Oil by 219.9% in the second quarter. TD Waterhouse Canada Inc. now owns 532,311 shares of the energy company’s stock worth $42,668,000 after purchasing an additional 365,936 shares during the period. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Price Performance

Shares of IMO opened at $90.70 on Wednesday. The company has a 50 day moving average of $92.40 and a two-hundred day moving average of $86.73. The company has a quick ratio of 1.17, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a twelve month low of $58.76 and a twelve month high of $101.01. The company has a market cap of $44.58 billion, a price-to-earnings ratio of 16.34 and a beta of 0.70.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, December 3rd. Imperial Oil’s payout ratio is 31.26%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. TD Securities reissued a “sell” rating on shares of Imperial Oil in a research report on Tuesday, November 4th. Royal Bank Of Canada restated a “sector perform” rating on shares of Imperial Oil in a research note on Wednesday, November 5th. Raymond James Financial lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Cibc World Mkts lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $115.00.

Imperial Oil Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.