Public Employees Retirement System of Ohio Purchases 14,624 Shares of Imperial Oil Limited $IMO

Public Employees Retirement System of Ohio lifted its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 120.5% during the first quarter, Holdings Channel.com reports. The firm owned 26,759 shares of the energy company’s stock after purchasing an additional 14,624 shares during the period. Public Employees Retirement System of Ohio’s holdings in Imperial Oil were worth $3,497,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Root Financial Partners LLC raised its holdings in Imperial Oil by 87.8% during the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock worth $25,000 after buying an additional 137 shares during the last quarter. McMillan Office Inc. acquired a new position in shares of Imperial Oil during the fourth quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Imperial Oil by 737.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after buying an additional 450 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Imperial Oil by 23.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock worth $46,000 after purchasing an additional 101 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Imperial Oil in the 3rd quarter worth approximately $54,000. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $128.80 on Friday. Imperial Oil Limited has a 1 year low of $81.87 and a 1 year high of $139.44. The stock’s fifty day moving average price is $120.67 and its two-hundred day moving average price is $120.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.02. The company has a market cap of $62.29 billion, a P/E ratio of 30.38 and a beta of 0.45.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Imperial Capital reissued a “sell” rating on shares of Imperial Oil in a report on Tuesday, June 23rd. Desjardins raised Imperial Oil to a “hold” rating in a research report on Thursday, July 16th. Zacks Research raised Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Scotiabank restated a “sector perform” rating on shares of Imperial Oil in a research note on Friday, July 17th. Finally, TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. One equities research 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 data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $116.00.

Imperial Oil Company 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.