Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,266 shares of the energy company’s stock after buying an additional 158 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Imperial Oil were worth $223,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IMO. US Bancorp DE lifted its holdings in shares of Imperial Oil by 7.6% in the 4th quarter. US Bancorp DE now owns 10,550 shares of the energy company’s stock valued at $603,000 after buying an additional 746 shares during the period. J. W. Coons Advisors LLC raised its holdings in Imperial Oil by 5.0% during the fourth quarter. J. W. Coons Advisors LLC now owns 12,015 shares of the energy company’s stock worth $687,000 after purchasing an additional 575 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Imperial Oil during the fourth quarter worth $44,000. Capital World Investors raised its holdings in Imperial Oil by 3.4% during the fourth quarter. Capital World Investors now owns 319,677 shares of the energy company’s stock worth $18,210,000 after purchasing an additional 10,406 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Imperial Oil by 8.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 17,214 shares of the energy company’s stock worth $984,000 after purchasing an additional 1,399 shares during the last quarter. 20.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IMO. Wolfe Research began coverage on Imperial Oil in a report on Thursday, July 18th. They set an “outperform” rating and a $108.00 price objective for the company. Scotiabank reaffirmed a “sector perform” rating and set a $110.00 price objective on shares of Imperial Oil in a report on Wednesday, September 25th. Finally, StockNews.com cut Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Imperial Oil has a consensus rating of “Hold” and an average price target of $99.50.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $70.45 on Tuesday. Imperial Oil Limited has a fifty-two week low of $52.97 and a fifty-two week high of $77.70. The firm has a market capitalization of $37.23 billion, a PE ratio of 11.04 and a beta of 1.45. The company has a quick ratio of 1.16, a current ratio of 1.40 and a debt-to-equity ratio of 0.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings results on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.11. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $10.50 billion. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. Sell-side analysts forecast that Imperial Oil Limited will post 6.2 EPS for the current year.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th will be given a $0.4336 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Wednesday, September 4th. Imperial Oil’s dividend payout ratio is currently 27.90%.

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.