OxFORD Asset Management LLP reduced its holdings in Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) by 24.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,977 shares of the energy company’s stock after selling 12,447 shares during the period. OxFORD Asset Management LLP’s holdings in Imperial Oil were worth $1,108,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in Imperial Oil by 65.2% during the first quarter. Wells Fargo & Company MN now owns 79,719 shares of the energy company’s stock worth $2,432,000 after buying an additional 31,474 shares in the last quarter. First Trust Advisors LP boosted its holdings in Imperial Oil by 8.5% during the first quarter. First Trust Advisors LP now owns 16,310 shares of the energy company’s stock worth $497,000 after buying an additional 1,273 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Imperial Oil by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 533,127 shares of the energy company’s stock worth $16,260,000 after buying an additional 10,132 shares in the last quarter. Comerica Bank boosted its holdings in Imperial Oil by 1.3% during the first quarter. Comerica Bank now owns 13,983 shares of the energy company’s stock worth $411,000 after buying an additional 181 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Imperial Oil by 4.2% during the first quarter. Parametric Portfolio Associates LLC now owns 106,485 shares of the energy company’s stock worth $3,248,000 after buying an additional 4,252 shares in the last quarter.

Imperial Oil Ltd (NYSEMKT:IMO) opened at 31.07 on Friday. The firm’s 50-day moving average is $30.98 and its 200 day moving average is $29.66. Imperial Oil Ltd has a 12-month low of $27.59 and a 12-month high of $36.85. The stock has a market capitalization of $26.23 billion, a P/E ratio of 11.87 and a beta of 1.14.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, July 28th. The energy company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.40 billion. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. Imperial Oil’s quarterly revenue was up 12.6% on a year-over-year basis. Equities analysts expect that Imperial Oil Ltd will post $0.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 1st were paid a dividend of $0.1279 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.12. Imperial Oil’s dividend payout ratio is currently 170.37%.

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IMO has been the topic of a number of recent analyst reports. National Bank Financial initiated coverage on shares of Imperial Oil in a report on Tuesday, June 27th. They set a “sector perform” rating on the stock. UBS AG downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 5th. Raymond James Financial, Inc. downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 5th. Barclays PLC raised shares of Imperial Oil from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research downgraded shares of Imperial Oil from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $46.20.

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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