Cadinha & Co. LLC maintained its stake in Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,251 shares of the energy company’s stock at the end of the second quarter. Cadinha & Co. LLC’s holdings in Imperial Oil were worth $270,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Imperial Oil by 65.2% in the first quarter. Wells Fargo & Company MN now owns 79,719 shares of the energy company’s stock worth $2,432,000 after buying an additional 31,474 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Imperial Oil by 17.7% in the first quarter. Wetherby Asset Management Inc. now owns 8,043 shares of the energy company’s stock valued at $245,000 after buying an additional 1,209 shares in the last quarter. Shell Asset Management Co. increased its stake in Imperial Oil by 6.5% in the first quarter. Shell Asset Management Co. now owns 83,993 shares of the energy company’s stock valued at $3,403,000 after buying an additional 5,149 shares in the last quarter. Acadian Asset Management LLC increased its stake in Imperial Oil by 356.8% in the first quarter. Acadian Asset Management LLC now owns 50,700 shares of the energy company’s stock valued at $1,539,000 after buying an additional 39,600 shares in the last quarter. Finally, Korea Investment CORP increased its stake in Imperial Oil by 558.7% in the first quarter. Korea Investment CORP now owns 230,559 shares of the energy company’s stock valued at $7,005,000 after buying an additional 195,559 shares in the last quarter.

Shares of Imperial Oil Ltd (IMO) opened at 29.21 on Thursday. The stock has a market cap of $24.66 billion, a P/E ratio of 11.52 and a beta of 1.14. Imperial Oil Ltd has a one year low of $27.59 and a one year high of $36.85. The firm’s 50-day moving average price is $29.14 and its 200 day moving average price is $30.10.

Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, July 28th. The energy company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.23 by $0.30. Imperial Oil had a net margin of 4.76% and a return on equity of 5.31%. The company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $8.40 billion. During the same period last year, the business earned ($0.21) earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities research analysts expect that Imperial Oil Ltd will post $1.12 EPS for the current fiscal year.

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

TRADEMARK VIOLATION NOTICE: This report was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/08/10/cadinha-co-llc-has-270000-position-in-imperial-oil-ltd-imo.html.

Several equities research analysts recently issued reports on the company. UBS AG downgraded Imperial Oil from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 5th. Citigroup Inc. reiterated a “neutral” rating on shares of Imperial Oil in a report on Wednesday, August 2nd. Barclays PLC upgraded Imperial Oil from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded Imperial Oil from a “strong sell” rating to a “hold” rating in a report on Monday, June 19th. Finally, BidaskClub downgraded Imperial Oil from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $44.78.

About Imperial Oil

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.

Want to see what other hedge funds are holding IMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO).

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.