Davis Rea Ltd. trimmed its holdings in Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 106,279 shares of the energy company’s stock after selling 7,015 shares during the period. Imperial Oil accounts for approximately 1.8% of Davis Rea Ltd.’s portfolio, making the stock its 24th largest position. Davis Rea Ltd.’s holdings in Imperial Oil were worth $3,344,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IMO. Artisan Partners Limited Partnership raised its holdings in shares of Imperial Oil by 21.9% in the third quarter. Artisan Partners Limited Partnership now owns 25,962,913 shares of the energy company’s stock valued at $829,398,000 after buying an additional 4,669,993 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Imperial Oil by 30.0% in the third quarter. First Eagle Investment Management LLC now owns 12,113,231 shares of the energy company’s stock valued at $387,134,000 after buying an additional 2,793,989 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Imperial Oil in the third quarter valued at about $32,074,000. TD Asset Management Inc. raised its holdings in shares of Imperial Oil by 7.3% in the third quarter. TD Asset Management Inc. now owns 9,202,299 shares of the energy company’s stock valued at $293,295,000 after buying an additional 628,346 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Imperial Oil by 2.8% in the third quarter. American Century Companies Inc. now owns 10,762,693 shares of the energy company’s stock valued at $343,819,000 after buying an additional 298,225 shares during the last quarter.

Imperial Oil Ltd (NYSEAMERICAN IMO) opened at $27.32 on Wednesday. Imperial Oil Ltd has a one year low of $27.15 and a one year high of $32.94. The stock has a market cap of $23,360.00, a PE ratio of 60.96 and a beta of 0.86.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings results on Friday, February 2nd. The energy company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.25). The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter last year, the business posted $1.70 EPS.

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 2nd will be given a dividend of $0.1297 per share. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 1.90%. The ex-dividend date is Thursday, March 1st. Imperial Oil’s dividend payout ratio is presently 110.87%.

A number of research analysts have recently issued reports on the stock. TheStreet lowered shares of Imperial Oil from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Royal Bank of Canada upgraded shares of Imperial Oil from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, January 31st. Morgan Stanley dropped their price target on shares of Imperial Oil from $42.00 to $40.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 24th. AltaCorp Capital upgraded shares of Imperial Oil to a “hold” rating and set a $43.00 price target on the stock in a research note on Monday, January 15th. Finally, Tudor Pickering upgraded shares of Imperial Oil to a “hold” rating in a research note on Monday, January 8th. Five research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Imperial Oil currently has an average rating of “Hold” and an average price target of $41.20.

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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 (NYSEAMERICAN:IMO)

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