Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,756 shares of the energy company’s stock after acquiring an additional 856 shares during the quarter. Blue Trust Inc.’s holdings in Imperial Oil were worth $666,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. RFP Financial Group LLC bought a new stake in Imperial Oil in the second quarter valued at $25,000. Hexagon Capital Partners LLC lifted its position in Imperial Oil by 84.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. Grove Bank & Trust boosted its stake in Imperial Oil by 438.0% during the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock valued at $38,000 after purchasing an additional 438 shares during the period. Headlands Technologies LLC bought a new position in Imperial Oil in the 1st quarter worth about $46,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Imperial Oil by 43.8% in the second quarter. Cubist Systematic Strategies LLC now owns 2,300 shares of the energy company’s stock valued at $157,000 after purchasing an additional 700 shares during the period. Institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

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

Imperial Oil Stock Performance

IMO opened at $77.12 on Tuesday. Imperial Oil Limited has a 1-year low of $52.97 and a 1-year high of $80.17. The company has a market capitalization of $40.75 billion, a price-to-earnings ratio of 10.92 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.40 and a quick ratio of 1.16.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings data on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.11. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $10.50 billion. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. Sell-side analysts anticipate 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 was paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th were paid a $0.4336 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.73 annualized dividend and a dividend yield of 2.25%. Imperial Oil’s dividend payout ratio is currently 25.21%.

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.