Lombard Odier Asset Management Switzerland SA Acquires New Holdings in Imperial Oil Limited $IMO

Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,460 shares of the energy company’s stock, valued at approximately $715,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. J. Safra Sarasin Holding AG acquired a new position in Imperial Oil during the 4th quarter worth $2,301,000. Ashton Thomas Private Wealth LLC increased its holdings in shares of Imperial Oil by 72.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 41,858 shares of the energy company’s stock valued at $3,625,000 after purchasing an additional 17,643 shares during the period. NewEdge Wealth LLC increased its holdings in shares of Imperial Oil by 15.6% during the first quarter. NewEdge Wealth LLC now owns 87,203 shares of the energy company’s stock valued at $11,408,000 after purchasing an additional 11,737 shares during the period. UBS Group AG raised its stake in shares of Imperial Oil by 21.6% during the fourth quarter. UBS Group AG now owns 1,709,910 shares of the energy company’s stock valued at $147,582,000 after purchasing an additional 303,286 shares in the last quarter. Finally, Triasima Portfolio Management inc. raised its stake in shares of Imperial Oil by 17.6% during the fourth quarter. Triasima Portfolio Management inc. now owns 83,975 shares of the energy company’s stock valued at $7,264,000 after purchasing an additional 12,570 shares in the last quarter. Institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

IMO has been the subject of a number of recent analyst reports. Imperial Capital reiterated a “sell” rating on shares of Imperial Oil in a research report on Tuesday, June 23rd. Desjardins upgraded shares of Imperial Oil to a “hold” rating in a research report on Thursday, July 16th. Scotiabank reaffirmed a “sector perform” rating on shares of Imperial Oil in a research note on Friday, July 17th. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $116.00.

Imperial Oil Price Performance

Shares of Imperial Oil stock opened at $125.73 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $120.87 and its two-hundred day moving average price is $119.83. Imperial Oil Limited has a 52 week low of $81.87 and a 52 week high of $139.44. The stock has a market cap of $60.80 billion, a PE ratio of 29.65 and a beta of 0.45.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 4th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Imperial Oil’s payout ratio is presently 38.24%.

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.