Jarislowsky Fraser Ltd reduced its stake in Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 554,927 shares of the energy company’s stock after selling 43,325 shares during the period. Jarislowsky Fraser Ltd owned approximately 0.07% of Imperial Oil worth $17,686,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its stake in Imperial Oil by 24.9% during the second quarter. Artisan Partners Limited Partnership now owns 21,292,920 shares of the energy company’s stock valued at $620,660,000 after buying an additional 4,243,469 shares during the period. American Century Companies Inc. boosted its stake in Imperial Oil by 2.8% during the third quarter. American Century Companies Inc. now owns 10,762,693 shares of the energy company’s stock valued at $343,819,000 after buying an additional 298,225 shares during the period. First Eagle Investment Management LLC boosted its stake in Imperial Oil by 9.8% during the second quarter. First Eagle Investment Management LLC now owns 9,319,242 shares of the energy company’s stock valued at $271,727,000 after buying an additional 831,439 shares during the period. TD Asset Management Inc. boosted its stake in Imperial Oil by 10.2% during the second quarter. TD Asset Management Inc. now owns 8,573,953 shares of the energy company’s stock valued at $249,559,000 after buying an additional 794,733 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Imperial Oil by 3.6% during the second quarter. Vanguard Group Inc. now owns 6,492,668 shares of the energy company’s stock worth $189,456,000 after purchasing an additional 224,641 shares during the last quarter.

Shares of Imperial Oil Ltd (NYSEMKT:IMO) opened at $31.62 on Tuesday. Imperial Oil Ltd has a 12-month low of $27.59 and a 12-month high of $36.85.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last posted its quarterly earnings data on Friday, October 27th. The energy company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $6.58 billion. Imperial Oil had a net margin of 5.19% and a return on equity of 5.95%. During the same period in the previous year, the firm posted $1.18 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be given a $0.125 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.58%.

Several brokerages have issued reports on IMO. Royal Bank Of Canada reaffirmed a “hold” rating and set a $40.00 price target on shares of Imperial Oil in a research note on Monday, October 16th. J P Morgan Chase & Co downgraded Imperial Oil from a “neutral” rating to an “underweight” rating and set a $38.00 price objective on the stock. in a report on Thursday, September 14th. Citigroup Inc. reiterated a “neutral” rating on shares of Imperial Oil in a report on Wednesday, August 2nd. BidaskClub upgraded Imperial Oil from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Zacks Investment Research downgraded Imperial Oil from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Eight analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.25.

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Imperial Oil Company Profile

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

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Institutional Ownership by Quarter for Imperial Oil (NYSEMKT:IMO)

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