Great West Life Assurance Co. Can Sells 8,066 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Great West Life Assurance Co. Can trimmed its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMOGet Rating) (TSE:IMO) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,302 shares of the energy company’s stock after selling 8,066 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Imperial Oil were worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ACG Wealth bought a new position in Imperial Oil in the 2nd quarter worth $30,000. Twin Tree Management LP bought a new position in Imperial Oil in the 2nd quarter worth $69,000. Venture Visionary Partners LLC bought a new position in Imperial Oil in the 2nd quarter worth $85,000. Ronald Blue Trust Inc. bought a new position in Imperial Oil in the 3rd quarter worth $166,000. Finally, Van ECK Associates Corp raised its holdings in Imperial Oil by 55.9% in the 2nd quarter. Van ECK Associates Corp now owns 3,536 shares of the energy company’s stock worth $167,000 after purchasing an additional 1,268 shares during the period. 20.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IMO shares. BMO Capital Markets raised Imperial Oil from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $54.00 to $85.00 in a report on Friday, October 28th. CIBC decreased their price target on Imperial Oil from C$80.00 to C$76.00 in a report on Tuesday, January 17th. Desjardins raised their price target on Imperial Oil from C$70.00 to C$80.00 in a report on Tuesday, November 8th. Royal Bank of Canada raised their price target on Imperial Oil from C$79.00 to C$81.00 in a report on Tuesday, November 8th. Finally, National Bank Financial raised their price target on Imperial Oil from C$80.00 to C$85.00 in a report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Imperial Oil has an average rating of “Hold” and an average target price of $77.44.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at $51.47 on Tuesday. The stock has a market cap of $30.07 billion, a PE ratio of 6.74, a PEG ratio of 0.24 and a beta of 1.50. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 0.18. Imperial Oil Limited has a twelve month low of $38.31 and a twelve month high of $58.99.

Imperial Oil (NYSEAMERICAN:IMOGet Rating) (TSE:IMO) last issued its quarterly earnings data on Wednesday, November 2nd. The energy company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $14.33 billion. Imperial Oil had a return on equity of 28.06% and a net margin of 11.14%. Sell-side analysts expect that Imperial Oil Limited will post 7.57 EPS for the current year.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, January 1st. Stockholders of record on Friday, December 2nd were given a dividend of $0.3226 per share. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.51%. Imperial Oil’s dividend payout ratio (DPR) is presently 17.15%.

Imperial Oil Company Profile

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Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.

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Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

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