Imperial Oil Limited $IMO Shares Sold by Guardian Partners Inc.

Guardian Partners Inc. reduced its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,525 shares of the energy company’s stock after selling 5,459 shares during the period. Imperial Oil makes up about 1.5% of Guardian Partners Inc.’s investment portfolio, making the stock its 17th largest position. Guardian Partners Inc.’s holdings in Imperial Oil were worth $16,705,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of Imperial Oil in the first quarter valued at approximately $93,097,000. TD Waterhouse Canada Inc. increased its position in Imperial Oil by 3.3% during the third quarter. TD Waterhouse Canada Inc. now owns 734,540 shares of the energy company’s stock worth $90,977,000 after acquiring an additional 23,508 shares during the period. Swiss National Bank increased its position in Imperial Oil by 23.6% during the first quarter. Swiss National Bank now owns 569,676 shares of the energy company’s stock worth $74,508,000 after acquiring an additional 108,700 shares during the period. Bank of New York Mellon Corp acquired a new position in Imperial Oil during the 2nd quarter valued at $24,051,000. Finally, OMERS ADMINISTRATION Corp raised its stake in Imperial Oil by 1.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 162,648 shares of the energy company’s stock valued at $21,236,000 after purchasing an additional 2,907 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Stock Performance

Shares of IMO traded up $0.00 on Wednesday, reaching $134.99. 150,417 shares of the stock traded hands, compared to its average volume of 642,046. The firm has a market cap of $63.72 billion, a price-to-earnings ratio of 21.92 and a beta of 0.57. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.19. Imperial Oil Limited has a 12 month low of $83.27 and a 12 month high of $139.44. The stock’s 50-day moving average price is $129.56 and its 200-day moving average price is $126.27.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its earnings results on Friday, July 31st. The energy company reported $4.52 EPS for the quarter, topping the consensus estimate of $2.99 by $1.53. Imperial Oil had a return on equity of 22.28% and a net margin of 8.03%. The firm had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.92 billion. During the same period last year, the business earned $1.86 earnings per share. Imperial Oil’s quarterly revenue was up 43.0% compared to the same quarter last year. Equities analysts forecast that Imperial Oil Limited will post 11.08 EPS for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 4th were paid a C$0.87 dividend. The ex-dividend date was Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.6%. Imperial Oil’s dividend payout ratio is currently 38.09%.

Analyst Ratings Changes

A number of analysts have weighed in on IMO shares. TD Securities reissued a “sell” rating on shares of Imperial Oil in a report on Wednesday, August 5th. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. UBS Group reaffirmed a “buy” rating on shares of Imperial Oil in a research report on Monday, September 14th. Imperial Capital reiterated a “sell” rating on shares of Imperial Oil in a research note on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce reissued an “underperform” rating on shares of Imperial Oil in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $116.00.

About Imperial Oil

Imperial Oil Limited is an integrated Canadian energy company headquartered in Calgary, Alberta. Founded in 1880, the company explores for, produces, transports, refines and markets crude oil and natural gas, serving customers primarily in Canada. Imperial is one of the country’s largest petroleum companies and has a long-standing relationship with Exxon Mobil Corporation, which is its majority shareholder.

Imperial’s upstream operations include oil sands production at the Kearl and Cold Lake projects in Alberta, as well as a significant interest in the Syncrude oil sands mining and upgrading operation.