Greenleaf Trust Grows Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Greenleaf Trust grew its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 46.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,050 shares of the energy company’s stock after acquiring an additional 1,599 shares during the period. Greenleaf Trust’s holdings in Imperial Oil were worth $356,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kathmere Capital Management LLC purchased a new stake in shares of Imperial Oil in the first quarter worth $251,000. Hexagon Capital Partners LLC raised its holdings in shares of 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 acquiring an additional 225 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of Imperial Oil by 2.0% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 87,793 shares of the energy company’s stock valued at $6,069,000 after acquiring an additional 1,707 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Imperial Oil by 2.4% during the first quarter. Maryland State Retirement & Pension System now owns 68,730 shares of the energy company’s stock worth $4,739,000 after purchasing an additional 1,581 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Imperial Oil by 41.6% in the first quarter. Principal Financial Group Inc. now owns 13,540 shares of the energy company’s stock worth $935,000 after purchasing an additional 3,980 shares during the last quarter. 20.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Wolfe Research initiated 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. Finally, Scotiabank reissued a “sector perform” rating and set a $110.00 price objective on shares of Imperial Oil in a report on Wednesday, September 25th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Imperial Oil has an average rating of “Hold” and an average target price of $99.50.

Imperial Oil Trading Up 1.3 %

IMO opened at $76.13 on Friday. Imperial Oil Limited has a 12 month low of $52.97 and a 12 month high of $80.17. The company has a current ratio of 1.40, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $40.23 billion, a PE ratio of 10.78 and a beta of 1.44.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, August 2nd. The energy company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.11. The business had revenue of $9.78 billion for 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%. On average, equities analysts forecast that Imperial Oil Limited will post 6.14 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Wednesday, September 4th were issued a $0.4336 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Wednesday, September 4th. Imperial Oil’s dividend payout ratio (DPR) is presently 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.