Imperial Oil Limited $IMO Stock Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. raised its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 20.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 61,265 shares of the energy company’s stock after acquiring an additional 10,520 shares during the period. Imperial Oil comprises about 1.0% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 26th largest holding. Triasima Portfolio Management inc.’s holdings in Imperial Oil were worth $7,552,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IMO. Baker Ellis Asset Management LLC grew its position in Imperial Oil by 3.4% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 4,600 shares of the energy company’s stock worth $566,000 after acquiring an additional 150 shares during the last quarter. Breakwater Capital Group acquired a new stake in Imperial Oil during the 3rd quarter valued at $219,000. Farther Finance Advisors LLC increased its holdings in Imperial Oil by 3.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,310 shares of the energy company’s stock valued at $653,000 after purchasing an additional 199 shares in the last quarter. Apella Capital LLC acquired a new stake in Imperial Oil during the 3rd quarter valued at $300,000. Finally, Venture Visionary Partners LLC bought a new position in Imperial Oil in the 3rd quarter valued at $218,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

IMO stock opened at $129.59 on Friday. The company has a 50 day moving average price of $129.15 and a 200 day moving average price of $126.17. Imperial Oil Limited has a fifty-two week low of $83.27 and a fifty-two week high of $139.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.19. The stock has a market capitalization of $61.17 billion, a PE ratio of 16.92 and a beta of 0.57.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings data on Friday, July 31st. The energy company reported $4.52 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $1.53. The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.92 billion. Imperial Oil had a return on equity of 22.28% and a net margin of 8.03%. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same period last year, the company earned $1.86 EPS. Analysts forecast that Imperial Oil Limited will post 11.19 EPS for the current year.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 4th were given a dividend of C$0.87 per share. The ex-dividend date was Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.7%. Imperial Oil’s payout ratio is presently 38.09%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Desjardins upgraded Imperial Oil to a “hold” rating in a research report on Thursday, July 16th. UBS Group restated a “buy” rating on shares of Imperial Oil in a report on Monday, September 14th. TD Securities restated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, August 5th. Canadian Imperial Bank of Commerce restated an “underperform” rating on shares of Imperial Oil in a research note on Friday, October 9th. Finally, Zacks Research raised Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $116.00.

Imperial Oil Profile

Imperial Oil Limited is an integrated Canadian energy company engaged in the exploration, production, transportation, refining and marketing of crude oil and natural gas. Founded in 1880, the company is headquartered in Calgary, Alberta, and has operations primarily across Canada.

Imperial’s upstream business includes oil sands production at its Kearl and Cold Lake projects, as well as conventional oil and natural gas activities. The company also holds an interest in Syncrude, one of Canada’s major oil sands mining and upgrading operations.