Mediolanum International Funds Ltd Acquires 4,308 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Mediolanum International Funds Ltd increased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 42.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,364 shares of the energy company’s stock after acquiring an additional 4,308 shares during the period. Mediolanum International Funds Ltd’s holdings in Imperial Oil were worth $874,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. OLD National Bancorp IN grew its position in Imperial Oil by 5.0% during the 4th quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock worth $241,000 after acquiring an additional 187 shares during the last quarter. Blue Trust Inc. boosted its position in Imperial Oil by 19.9% in the 4th quarter. Blue Trust Inc. now owns 11,699 shares of the energy company’s stock valued at $721,000 after buying an additional 1,943 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Imperial Oil in the 4th quarter valued at $351,000. Ballentine Partners LLC boosted its position in Imperial Oil by 8.0% in the 4th quarter. Ballentine Partners LLC now owns 3,900 shares of the energy company’s stock valued at $240,000 after buying an additional 288 shares during the last quarter. Finally, Winch Advisory Services LLC bought a new position in Imperial Oil in the 4th quarter valued at $26,000. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Price Performance

IMO stock opened at $66.64 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. The firm has a market capitalization of $33.92 billion, a PE ratio of 9.93 and a beta of 1.45. Imperial Oil Limited has a twelve month low of $55.82 and a twelve month high of $80.17.

Analysts Set New Price Targets

A number of brokerages have commented on IMO. Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, Imperial Oil has a consensus rating of “Hold” and a consensus target price of $109.00.

About Imperial Oil

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.