O Shaughnessy Asset Management LLC Has $10.18 Million Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

O Shaughnessy Asset Management LLC cut its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.3% in the first quarter, Holdings Channel reports. The institutional investor owned 147,347 shares of the energy company’s stock after selling 5,099 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Imperial Oil were worth $10,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of IMO. NewEdge Wealth LLC raised its stake in shares of Imperial Oil by 67.0% in the fourth quarter. NewEdge Wealth LLC now owns 29,218 shares of the energy company’s stock valued at $1,671,000 after purchasing an additional 11,717 shares in the last quarter. US Bancorp DE raised its stake in shares of Imperial Oil by 91.6% in the first quarter. US Bancorp DE now owns 20,210 shares of the energy company’s stock valued at $1,397,000 after purchasing an additional 9,660 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Imperial Oil by 137.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,842 shares of the energy company’s stock valued at $5,086,000 after acquiring an additional 51,449 shares during the period. Empowered Funds LLC bought a new stake in Imperial Oil in the first quarter valued at $931,000. Finally, Wellington Management Group LLP grew its position in Imperial Oil by 11.1% in the fourth quarter. Wellington Management Group LLP now owns 197,264 shares of the energy company’s stock valued at $11,292,000 after acquiring an additional 19,731 shares during the period. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on IMO. StockNews.com cut Imperial Oil from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. Scotiabank lowered their price target on Imperial Oil from $111.00 to $110.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Raymond James upgraded Imperial Oil to a “hold” rating in a research report on Tuesday, May 28th. Finally, Wolfe Research started coverage on Imperial Oil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $108.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $94.80.

Imperial Oil Price Performance

Shares of IMO stock traded down $0.86 during trading hours on Tuesday, hitting $69.32. 215,769 shares of the company’s stock were exchanged, compared to its average volume of 388,203. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.34. The stock has a market capitalization of $37.14 billion, a PE ratio of 11.01 and a beta of 1.47. Imperial Oil Limited has a 52 week low of $51.11 and a 52 week high of $74.58.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its earnings results on Friday, April 26th. The energy company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.55 by $0.10. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. Equities research analysts expect that Imperial Oil Limited will post 6.22 EPS for the current fiscal year.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were issued a $0.4377 dividend. This represents a $1.75 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, June 3rd. Imperial Oil’s dividend payout ratio is 27.59%.

Imperial Oil Company 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.