Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,266 shares of the energy company’s stock after purchasing an additional 158 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Imperial Oil were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. RFP Financial Group LLC acquired a new stake in shares of Imperial Oil during the 2nd quarter worth about $25,000. Hexagon Capital Partners LLC raised 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 worth $34,000 after acquiring an additional 225 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Imperial Oil during the 4th quarter worth about $44,000. Headlands Technologies LLC acquired a new stake in shares of Imperial Oil during the 1st quarter worth about $46,000. Finally, CWM LLC raised its position in shares of Imperial Oil by 8.7% during the 2nd quarter. CWM LLC now owns 2,319 shares of the energy company’s stock worth $158,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $70.45 on Tuesday. The company has a market cap of $37.23 billion, a P/E ratio of 11.04 and a beta of 1.45. The company has a current ratio of 1.40, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 52-week low of $52.97 and a 52-week high of $77.70.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its earnings results on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, beating the consensus estimate 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. As a group, equities research analysts predict that Imperial Oil Limited will post 6.2 EPS for the current year.

Imperial Oil Cuts Dividend

The business 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. The ex-dividend date is Wednesday, September 4th. This represents a $1.73 annualized dividend and a dividend yield of 2.46%. Imperial Oil’s dividend payout ratio (DPR) is currently 27.90%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IMO. StockNews.com lowered Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Scotiabank restated a “sector perform” rating and set a $110.00 price target on shares of Imperial Oil in a research note on Wednesday, September 25th. Finally, Wolfe Research started coverage on Imperial Oil in a research note on Thursday, July 18th. They set an “outperform” rating and a $108.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $99.50.

About Imperial Oil

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.