UBS Group AG Increases Stock Position in Imperial Oil Limited $IMO

UBS Group AG raised its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 21.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,709,910 shares of the energy company’s stock after purchasing an additional 303,286 shares during the quarter. UBS Group AG’s holdings in Imperial Oil were worth $147,582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Imperial Oil by 5.1% in the third quarter. EverSource Wealth Advisors LLC now owns 2,599 shares of the energy company’s stock valued at $236,000 after purchasing an additional 127 shares in the last quarter. Gold Investment Management Ltd. lifted its stake in shares of Imperial Oil by 0.6% during the third quarter. Gold Investment Management Ltd. now owns 28,322 shares of the energy company’s stock valued at $2,568,000 after buying an additional 161 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Imperial Oil by 0.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,470 shares of the energy company’s stock worth $1,949,000 after acquiring an additional 166 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Imperial Oil by 64.8% during the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock worth $40,000 after acquiring an additional 169 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Imperial Oil by 1.5% during the second quarter. NewEdge Advisors LLC now owns 12,071 shares of the energy company’s stock worth $959,000 after acquiring an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $134.02 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.18. The company has a market cap of $64.81 billion, a P/E ratio of 29.26 and a beta of 0.58. Imperial Oil Limited has a fifty-two week low of $66.62 and a fifty-two week high of $134.31. The firm’s 50 day moving average is $124.83 and its two-hundred day moving average is $105.93.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IMO. TD Securities restated a “sell” rating on shares of Imperial Oil in a research report on Monday, February 23rd. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada lowered shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $116.00.

Imperial Oil Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.