Jonathan Wetmore Sells 5282 Shares of Imperial Oil Ltd (TSE:IMO) Stock

Paterniano Del Favero
Agosto 7, 2017

It worsened, as 76 investors sold The Coca-Cola Co shares while 623 reduced holdings. First Eagle Investment Management LLC raised its stake in shares of Imperial Oil by 9.8% in the second quarter. Albert D Mason Inc. increased its position in Imperial Oil by 0.4% in the first quarter. Mawer Investment Management Ltd. now owns 8,368,089 shares of the energy company's stock worth $380,132,000 after buying an additional 5,671,213 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Imperial Oil by 10.2% in the second quarter. Finally, Scout Investments Inc. increased its stake in shares of Imperial Oil by 146.5% in the first quarter. Scout Investments Inc. now owns 1,263,569 shares of the energy company's stock valued at $42,203,000 after buying an additional 751,060 shares during the period. Wetherby Asset Management Inc. now owns 8,043 shares of the energy company's stock valued at $245,000 after buying an additional 1,209 shares during the period.

Shares of Imperial Oil Ltd (TSE IMO) traded up 1.45% on Friday, hitting $37.00. The stock had a trading volume of 242,969 shares. The stock has a market cap of $31.24 billion and a PE ratio of 11.63. The company's 50 day moving average is $37.54 and its 200 day moving average is $40.09. Imperial Oil Ltd has a one year low of $35.15 and a one year high of $48.72.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last announced its earnings results on Friday, July 28th. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $8.40 billion. Imperial Oil had a net margin of 4.76% and a return on equity of 5.31%. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. On average, analysts anticipate that Imperial Oil will post $1.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 1st will be given a $0.1279 dividend. This is an increase from Imperial Oil's previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, August 30th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.75%. Imperial Oil's dividend payout ratio (DPR) is presently 170.37%.

COPYRIGHT VIOLATION WARNING: "Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $1,361,000 Position in Imperial Oil Ltd (NYSEMKT:IMO)" was published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & worldwide copyright law. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/08/06/imperial-oil-ltd-nysemktimo-lowered-to-sell-at-zacks-investment-research-updated-updated-updated.html. Zacks Investment Research raised shares of Imperial Oil from a "hold" rating to a "strong-buy" rating and set a $33.00 target price for the company in a research note on Tuesday, May 16th. Citigroup Inc. reissued a "neutral" rating on shares of Imperial Oil in a research note on Wednesday, August 2nd.

5/24/2017-CIBC was Downgraded by analysts at CIBC from a "Outperform " rating to a " Neutral" rating. Raymond James Financial, Inc. lowered Imperial Oil from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 5th. Barclays PLC upgraded Imperial Oil from an equal weight rating to an overweight rating in a research note on Tuesday, July 11th.

A total of 17 brokerages have issued a ratings update on Imperial Oil. zero brokerages rating the company a strong buy, five brokerages rating the company a buy, eleven brokerages rating the company a hold, three brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $35.52. Imperial Oil now has a consensus rating of "Hold" and a consensus target price of $44.78.

Imperial Oil Limited is an integrated oil company.

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