Imperial Oil Limited (NYSEAMERICAN:IMO) Holdings Increased by Kathmere Capital Management LLC

Kathmere Capital Management LLC grew its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 15.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,192 shares of the energy company’s stock after buying an additional 558 shares during the quarter. Kathmere Capital Management LLC’s holdings in Imperial Oil were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new position in shares of Imperial Oil in the 2nd quarter worth approximately $3,064,000. US Bancorp DE grew its stake in shares of Imperial Oil by 91.6% in the 1st quarter. US Bancorp DE now owns 20,210 shares of the energy company’s stock worth $1,397,000 after purchasing an additional 9,660 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Imperial Oil in the 1st quarter worth approximately $720,000. Fiera Capital Corp grew its stake in shares of Imperial Oil by 262.5% in the 2nd quarter. Fiera Capital Corp now owns 95,455 shares of the energy company’s stock worth $6,511,000 after purchasing an additional 69,121 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Imperial Oil by 1,250.9% in the 1st quarter. Bessemer Group Inc. now owns 7,849 shares of the energy company’s stock worth $542,000 after purchasing an additional 7,268 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Trading Up 2.3 %

NYSEAMERICAN IMO opened at $70.29 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.40 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $37.14 billion, a price-to-earnings ratio of 11.02 and a beta of 1.45. Imperial Oil Limited has a 12-month low of $52.97 and a 12-month high of $77.70.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its earnings results on Friday, August 2nd. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.11. The firm had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $10.50 billion. Imperial Oil had a net margin of 10.05% and a return on equity of 22.73%. As a group, analysts anticipate that Imperial Oil Limited will post 6.2 EPS for the current fiscal year.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Wednesday, September 4th will be paid a $0.4336 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, September 4th. Imperial Oil’s dividend payout ratio (DPR) is presently 27.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IMO shares. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Wolfe Research assumed coverage on shares of Imperial Oil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $108.00 target price on the stock. Finally, Scotiabank reissued a “sector perform” rating and issued a $110.00 target price on shares of Imperial Oil in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $99.50.

Imperial Oil Profile

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 and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.