National Bank of Canada FI Buys 1,918 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

National Bank of Canada FI lifted its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,159,813 shares of the energy company’s stock after acquiring an additional 1,918 shares during the period. National Bank of Canada FI owned approximately 0.22% of Imperial Oil worth $67,081,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its position in Imperial Oil by 52.6% during the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock valued at $30,000 after acquiring an additional 180 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Imperial Oil by 176.6% in the third quarter. Allworth Financial LP now owns 888 shares of the energy company’s stock worth $55,000 after purchasing an additional 567 shares during the last quarter. CWM LLC increased its stake in shares of Imperial Oil by 156.8% in the fourth quarter. CWM LLC now owns 2,011 shares of the energy company’s stock worth $115,000 after buying an additional 1,228 shares during the period. Olympiad Research LP bought a new stake in Imperial Oil during the 3rd quarter valued at $204,000. Finally, Greenleaf Trust purchased a new stake in Imperial Oil during the 3rd quarter valued at $211,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Trading Down 0.0 %

Shares of NYSEAMERICAN:IMO traded down $0.02 during trading on Friday, reaching $68.05. 272,291 shares of the stock traded hands, compared to its average volume of 380,292. Imperial Oil Limited has a 52-week low of $44.46 and a 52-week high of $74.58. The stock has a market cap of $36.46 billion, a price-to-earnings ratio of 10.67 and a beta of 1.47. The company has a quick ratio of 0.96, a current ratio of 1.34 and a debt-to-equity ratio of 0.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its earnings results on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.10. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $11.61 billion. On average, equities research analysts forecast that Imperial Oil Limited will post 6.07 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a $0.4377 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.75 dividend on an annualized basis and a yield of 2.57%. Imperial Oil’s payout ratio is presently 27.74%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Imperial Oil from a “hold” rating to a “buy” rating in a report on Sunday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.33.

Imperial Oil 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.