Fiera Capital Corp Decreases Holdings in Imperial Oil Limited $IMO

Fiera Capital Corp reduced its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,787 shares of the energy company’s stock after selling 55,345 shares during the period. Fiera Capital Corp owned approximately 0.09% of Imperial Oil worth $36,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of IMO. UBS Group AG lifted its stake in shares of Imperial Oil by 566.9% in the third quarter. UBS Group AG now owns 1,406,624 shares of the energy company’s stock worth $127,637,000 after buying an additional 1,195,698 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Imperial Oil by 30.4% in the third quarter. Bank of America Corp DE now owns 3,840,645 shares of the energy company’s stock worth $348,500,000 after buying an additional 895,117 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Imperial Oil by 56.0% in the third quarter. Mackenzie Financial Corp now owns 1,194,462 shares of the energy company’s stock worth $108,282,000 after buying an additional 428,844 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Imperial Oil by 22.4% in the third quarter. JPMorgan Chase & Co. now owns 1,067,657 shares of the energy company’s stock worth $96,879,000 after buying an additional 195,730 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Imperial Oil by 168.2% in the fourth quarter. BNP Paribas Financial Markets now owns 296,585 shares of the energy company’s stock worth $25,598,000 after buying an additional 185,995 shares in the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on IMO. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Royal Bank Of Canada downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research note on Monday, February 23rd. Finally, Zacks Research raised shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $116.00.

Imperial Oil Stock Up 0.7%

Shares of Imperial Oil stock opened at $122.55 on Tuesday. Imperial Oil Limited has a 52-week low of $73.19 and a 52-week high of $139.44. The company has a 50 day moving average of $128.50 and a 200 day moving average of $112.79. 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 company has a market capitalization of $59.26 billion, a P/E ratio of 28.90 and a beta of 0.43.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 4th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 4th. Imperial Oil’s payout ratio is currently 38.24%.

Imperial Oil Company 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.