Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) by 24.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,792 shares of the energy company’s stock after selling 39,748 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Imperial Oil were worth $3,545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Shell Asset Management Co. grew its holdings in Imperial Oil by 14.2% in the second quarter. Shell Asset Management Co. now owns 95,893 shares of the energy company’s stock valued at $3,625,000 after purchasing an additional 11,900 shares during the period. JPMorgan Chase & Co. grew its holdings in Imperial Oil by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 110,053 shares of the energy company’s stock valued at $3,355,000 after purchasing an additional 447 shares during the period. Morgan Stanley grew its holdings in Imperial Oil by 172.2% in the first quarter. Morgan Stanley now owns 635,896 shares of the energy company’s stock valued at $19,394,000 after purchasing an additional 402,289 shares during the period. APG Asset Management N.V. grew its holdings in Imperial Oil by 49.4% in the first quarter. APG Asset Management N.V. now owns 646,342 shares of the energy company’s stock valued at $19,638,000 after purchasing an additional 213,779 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Imperial Oil by 2.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 840,044 shares of the energy company’s stock valued at $24,443,000 after purchasing an additional 23,926 shares during the period.

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Shares of Imperial Oil Ltd (NYSEMKT:IMO) opened at 30.20 on Tuesday. The firm has a market cap of $25.50 billion, a PE ratio of 12.04 and a beta of 1.14. The firm’s 50-day moving average price is $29.09 and its 200 day moving average price is $29.65. Imperial Oil Ltd has a 1-year low of $27.59 and a 1-year high of $36.85.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last issued its quarterly earnings results on Friday, July 28th. The energy company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.30. Imperial Oil had a negative return on equity of 1.23% and a negative net margin of 1.10%. The business had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $8.40 billion. During the same period in the prior year, the company earned ($0.21) EPS. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts forecast that Imperial Oil Ltd will post $0.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be given a $0.1279 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.12. This represents a $0.51 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Wednesday, August 30th. Imperial Oil’s dividend payout ratio (DPR) is 170.37%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Imperial Oil from a “strong sell” rating to a “hold” rating in a research report on Monday, June 19th. ValuEngine upgraded Imperial Oil from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. downgraded Imperial Oil from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. UBS AG downgraded Imperial Oil from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. Finally, Citigroup Inc. restated a “neutral” rating on shares of Imperial Oil in a research report on Wednesday, August 2nd. Five analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.38.

Imperial Oil Company Profile

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

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Institutional Ownership by Quarter for Imperial Oil (NYSEMKT:IMO)

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