Baker Ellis Asset Management LLC reduced its stake in Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) by 20.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,623 shares of the energy company’s stock after selling 4,053 shares during the period. Baker Ellis Asset Management LLC’s holdings in Imperial Oil were worth $456,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in IMO. Mawer Investment Management Ltd. increased its stake in Imperial Oil by 210.3% in the first quarter. Mawer Investment Management Ltd. now owns 8,368,089 shares of the energy company’s stock worth $380,132,000 after buying an additional 5,671,213 shares during the period. First Eagle Investment Management LLC increased its stake in Imperial Oil by 62.2% in the first quarter. First Eagle Investment Management LLC now owns 8,487,803 shares of the energy company’s stock worth $258,241,000 after buying an additional 3,255,924 shares during the period. American Century Companies Inc. increased its stake in Imperial Oil by 11.6% in the first quarter. American Century Companies Inc. now owns 10,008,780 shares of the energy company’s stock worth $304,965,000 after buying an additional 1,042,255 shares during the period. Scout Investments Inc. increased its stake in Imperial Oil by 146.5% in the first quarter. Scout Investments Inc. now owns 1,263,569 shares of the energy company’s stock worth $42,203,000 after buying an additional 751,060 shares during the period. Finally, Morgan Stanley increased its stake in Imperial Oil by 172.2% in the first quarter. Morgan Stanley now owns 635,896 shares of the energy company’s stock worth $19,394,000 after buying an additional 402,289 shares during the period.

Shares of Imperial Oil Ltd (NYSEMKT IMO) opened at 29.11 on Tuesday. The firm has a 50-day moving average price of $29.16 and a 200-day moving average price of $30.25. The firm has a market cap of $24.58 billion, a price-to-earnings ratio of 11.52 and a beta of 1.14. 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 released its earnings results on Friday, July 28th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.30. Imperial Oil had a return on equity of 5.31% and a net margin of 4.76%. The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $8.40 billion. During the same quarter in the previous year, the company posted ($0.21) EPS. The business’s revenue was up 12.6% on a year-over-year basis. Equities research analysts anticipate that Imperial Oil Ltd will post $1.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 1st will be paid a $0.1279 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.51 annualized dividend and a yield of 1.76%. Imperial Oil’s dividend payout ratio is currently 170.37%.

ILLEGAL ACTIVITY WARNING: This article was reported by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.dailypolitical.com/2017/08/08/imperial-oil-ltd-nysemktimo-shares-sold-by-baker-ellis-asset-management-llc.html.

A number of research analysts have recently commented on the company. Citigroup Inc. reissued a “neutral” rating on shares of Imperial Oil in a report on Wednesday, August 2nd. BidaskClub lowered Imperial Oil from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered Imperial Oil from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Barclays PLC raised Imperial Oil from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. lowered Imperial Oil from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 5th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Imperial Oil currently has an average rating of “Hold” and a consensus target price of $44.78.

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.

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

Receive News & Ratings for Imperial Oil Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil Ltd and related companies with MarketBeat.com's FREE daily email newsletter.