King Luther Capital Management Corp held its position in Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,800 shares of the energy company’s stock at the end of the 2nd quarter. King Luther Capital Management Corp’s holdings in Imperial Oil were worth $1,161,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Imperial Oil by 4.6% in the 2nd quarter. American Century Companies Inc. now owns 10,464,468 shares of the energy company’s stock valued at $305,029,000 after buying an additional 455,688 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Imperial Oil by 9.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 9,319,242 shares of the energy company’s stock valued at $271,727,000 after buying an additional 831,439 shares during the period. TD Asset Management Inc. increased its stake in shares of Imperial Oil by 10.2% in the 2nd quarter. TD Asset Management Inc. now owns 8,573,953 shares of the energy company’s stock valued at $249,559,000 after buying an additional 794,733 shares during the period. Vanguard Group Inc. increased its stake in shares of Imperial Oil by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 6,268,027 shares of the energy company’s stock valued at $191,175,000 after buying an additional 224,715 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in shares of Imperial Oil by 2.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 1,314,797 shares of the energy company’s stock valued at $38,200,000 after buying an additional 28,247 shares during the period.

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Shares of Imperial Oil Ltd (NYSEMKT IMO) opened at 31.22 on Tuesday. The firm has a 50 day moving average price of $29.50 and a 200 day moving average price of $29.52. The firm has a market cap of $26.36 billion, a P/E ratio of 12.29 and a beta of 1.14. 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) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.30). The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $8.40 billion. Imperial Oil had a negative net margin of 1.10% and a negative return on equity of 1.23%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted ($0.21) EPS. Analysts anticipate that Imperial Oil Ltd will post $0.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 1st will be given a dividend of $0.1279 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from Imperial Oil’s previous quarterly dividend of $0.12. Imperial Oil’s dividend payout ratio is 170.37%.

IMO has been the topic of several recent research reports. J P Morgan Chase & Co lowered Imperial Oil from a “neutral” rating to an “underweight” rating and set a $38.00 price target on the stock. in a research report on Thursday, September 14th. BidaskClub upgraded Imperial Oil from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. AltaCorp Capital lowered Imperial Oil from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, August 23rd. Citigroup Inc. restated a “neutral” rating on shares of Imperial Oil in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Imperial Oil from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Imperial Oil presently has a consensus rating of “Hold” and a consensus target price of $45.44.

Imperial Oil 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.

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

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