Susquehanna Portfolio Strategies LLC Reduces Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Susquehanna Portfolio Strategies LLC trimmed its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 181,800 shares of the energy company’s stock after selling 19,600 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Imperial Oil were worth $12,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IMO. RFP Financial Group LLC purchased a new position in Imperial Oil in the second quarter worth about $25,000. Hexagon Capital Partners LLC lifted its position in shares of Imperial Oil by 84.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Imperial Oil during the 4th quarter valued at about $44,000. Assetmark Inc. lifted its position in shares of Imperial Oil by 938.5% during the 4th quarter. Assetmark Inc. now owns 810 shares of the energy company’s stock valued at $46,000 after buying an additional 732 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Imperial Oil during the 1st quarter valued at about $46,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IMO. Wolfe Research started coverage on Imperial Oil in a research report on Thursday, July 18th. They set an “outperform” rating and a $108.00 price objective on the stock. Scotiabank reissued a “sector perform” rating and set a $110.00 target price on shares of Imperial Oil in a research note on Wednesday. Finally, StockNews.com downgraded Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $99.50.

Imperial Oil Stock Up 2.3 %

Shares of IMO stock opened at $70.29 on Friday. Imperial Oil Limited has a 1-year low of $52.97 and a 1-year high of $77.70. The stock has a market cap of $37.14 billion, a P/E ratio of 11.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.40.

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

Imperial Oil Cuts Dividend

The firm also recently declared 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 is Wednesday, September 4th. Imperial Oil’s dividend payout ratio (DPR) is presently 27.90%.

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.