TD Waterhouse Canada Inc. Sells 45,283 Shares of Imperial Oil Limited $IMO

TD Waterhouse Canada Inc. cut its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 6.0% in the second quarter, HoldingsChannel.com reports. The firm owned 711,032 shares of the energy company’s stock after selling 45,283 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Imperial Oil were worth $78,964,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Imperial Oil by 30.4% during the 3rd quarter. Bank of America Corp DE now owns 3,840,645 shares of the energy company’s stock valued at $348,500,000 after buying an additional 895,117 shares in the last quarter. Morgan Stanley increased its stake in Imperial Oil by 47.9% in the 4th quarter. Morgan Stanley now owns 1,867,363 shares of the energy company’s stock worth $161,172,000 after buying an additional 604,447 shares in the last quarter. Geode Capital Management LLC raised its holdings in Imperial Oil by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 1,693,690 shares of the energy company’s stock valued at $149,067,000 after acquiring an additional 78,321 shares during the period. UBS Group AG raised its holdings in Imperial Oil by 566.9% during the third quarter. UBS Group AG now owns 1,406,624 shares of the energy company’s stock valued at $127,637,000 after acquiring an additional 1,195,698 shares during the period. Finally, Cibc World Market Inc. lifted its position in shares of Imperial Oil by 8.4% in the fourth quarter. Cibc World Market Inc. now owns 1,243,738 shares of the energy company’s stock valued at $107,459,000 after acquiring an additional 96,694 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Down 1.1%

Shares of IMO stock opened at $131.94 on Friday. The company’s fifty day simple moving average is $126.13 and its two-hundred day simple moving average is $125.11. Imperial Oil Limited has a 52 week low of $83.27 and a 52 week high of $139.44. The stock has a market cap of $63.54 billion, a P/E ratio of 21.40 and a beta of 0.46. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.16.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, July 31st. The energy company reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $1.53. Imperial Oil had a return on equity of 22.28% and a net margin of 8.03%.The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.92 billion. During the same quarter last year, the business posted $1.86 earnings per share. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. Analysts predict that Imperial Oil Limited will post 11.19 EPS for the current fiscal year.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.6%. Imperial Oil’s dividend payout ratio is presently 38.24%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Zacks Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Desjardins raised Imperial Oil to a “hold” rating in a report on Thursday, July 16th. TD Securities restated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, August 5th. Imperial Capital reaffirmed a “sell” rating on shares of Imperial Oil in a report on Tuesday, June 23rd. Finally, Scotiabank reiterated a “sector perform” rating on shares of Imperial Oil in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Sell” and a consensus target price 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.