Cetera Investment Advisers Has $309,000 Stake in Imperial Oil Limited $IMO

Cetera Investment Advisers lifted its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 20.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,278 shares of the energy company’s stock after buying an additional 714 shares during the period. Cetera Investment Advisers’ holdings in Imperial Oil were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC bought a new stake in shares of Imperial Oil in the first quarter valued at approximately $226,000. Bessemer Group Inc. boosted its stake in shares of Imperial Oil by 198.9% in the first quarter. Bessemer Group Inc. now owns 23,690 shares of the energy company’s stock valued at $1,713,000 after buying an additional 15,765 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Imperial Oil by 8.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 63,193 shares of the energy company’s stock valued at $3,893,000 after buying an additional 5,181 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Imperial Oil by 7.7% in the first quarter. Principal Financial Group Inc. now owns 16,796 shares of the energy company’s stock valued at $1,213,000 after buying an additional 1,200 shares during the period. Finally, Vise Technologies Inc. boosted its stake in shares of Imperial Oil by 70.2% in the fourth quarter. Vise Technologies Inc. now owns 13,002 shares of the energy company’s stock valued at $801,000 after buying an additional 5,361 shares during the period. 20.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IMO. BMO Capital Markets reiterated an “outperform” rating on shares of Imperial Oil in a research note on Monday, August 4th. Desjardins cut Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 3rd. Raymond James Financial cut Imperial Oil from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 3rd. Tudor Pickering cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $105.50.

Imperial Oil Stock Down 1.3%

Shares of IMO opened at $82.57 on Wednesday. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week high of $86.91. The stock has a market capitalization of $41.83 billion, a price-to-earnings ratio of 12.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58. The stock has a fifty day moving average of $82.19 and a 200-day moving average of $73.28.

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.