Quantinno Capital Management LP Has $7.67 Million Stock Position in Imperial Oil Limited $IMO

Quantinno Capital Management LP cut its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 15.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,629 shares of the energy company’s stock after selling 10,371 shares during the quarter. Quantinno Capital Management LP’s holdings in Imperial Oil were worth $7,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Imperial Oil by 5.0% in the first quarter. AQR Capital Management LLC now owns 34,218 shares of the energy company’s stock worth $2,475,000 after acquiring an additional 1,627 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Imperial Oil by 54.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,887 shares of the energy company’s stock valued at $860,000 after purchasing an additional 4,201 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Imperial Oil during the 1st quarter valued at approximately $200,000. Cetera Investment Advisers grew its holdings in shares of Imperial Oil by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 4,569 shares of the energy company’s stock valued at $363,000 after purchasing an additional 291 shares during the last quarter. Finally, Invesco Ltd. increased its position in Imperial Oil by 4.7% during the 2nd quarter. Invesco Ltd. now owns 354,865 shares of the energy company’s stock worth $28,205,000 after purchasing an additional 15,834 shares in the last quarter. Institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IMO shares. Scotiabank reissued a “sector perform” rating on shares of Imperial Oil in a research note on Friday, July 17th. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Wednesday. Desjardins raised Imperial Oil to a “hold” rating in a report on Thursday, July 16th. Finally, Imperial Capital restated a “sell” rating on shares of Imperial Oil in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Imperial Oil has a consensus rating of “Reduce” and a consensus price target of $116.00.

Imperial Oil Trading Down 1.6%

IMO opened at $125.34 on Thursday. Imperial Oil Limited has a fifty-two week low of $82.45 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 1.02. The firm has a market capitalization of $60.61 billion, a price-to-earnings ratio of 20.33 and a beta of 0.45. The company’s 50 day moving average price is $120.45 and its two-hundred day moving average price is $121.26.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. Imperial Oil’s payout ratio is currently 38.24%.

Imperial Oil 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.