Swiss National Bank Decreases Position in Imperial Oil Ltd (IMO)

Swiss National Bank decreased its position in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,009,500 shares of the energy company’s stock after selling 48,600 shares during the period. Swiss National Bank owned about 0.13% of Imperial Oil worth $32,548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Toronto Dominion Bank raised its position in Imperial Oil by 78.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,558,572 shares of the energy company’s stock valued at $52,534,000 after purchasing an additional 686,675 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Imperial Oil by 69.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,372,800 shares of the energy company’s stock valued at $45,605,000 after purchasing an additional 561,400 shares in the last quarter. Legal & General Group Plc raised its position in Imperial Oil by 6.9% in the 2nd quarter. Legal & General Group Plc now owns 1,171,883 shares of the energy company’s stock valued at $38,930,000 after purchasing an additional 75,395 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Imperial Oil by 26.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,019,745 shares of the energy company’s stock valued at $33,907,000 after purchasing an additional 215,434 shares in the last quarter. Finally, Fiera Capital Corp raised its position in Imperial Oil by 7.0% in the 2nd quarter. Fiera Capital Corp now owns 939,531 shares of the energy company’s stock valued at $31,234,000 after purchasing an additional 61,760 shares in the last quarter.

Several equities research analysts have recently weighed in on IMO shares. TheStreet lowered Imperial Oil from a “b-” rating to a “c” rating in a research report on Monday, September 17th. Goldman Sachs Group raised Imperial Oil from a “sell” rating to a “buy” rating in a research report on Friday, October 19th. Tudor Pickering raised Imperial Oil from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. CIBC started coverage on Imperial Oil in a research report on Friday, October 5th. They set a “sector underperform” rating on the stock. Finally, Zacks Investment Research raised Imperial Oil from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, October 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.75.

Shares of IMO stock opened at $29.93 on Monday. Imperial Oil Ltd has a 1 year low of $25.91 and a 1 year high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, November 2nd. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $9.73 billion for the quarter, compared to analyst estimates of $10.67 billion. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share.

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Imperial Oil Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 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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