Imperial Oil Limited (NYSEAMERICAN:IMO) Stock Holdings Lifted by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 42.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,364 shares of the energy company’s stock after purchasing an additional 4,308 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Imperial Oil were worth $874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Imperial Oil by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock worth $59,502,000 after acquiring an additional 70,357 shares in the last quarter. Bridgewater Associates LP boosted its stake in shares of Imperial Oil by 522.8% during the 3rd quarter. Bridgewater Associates LP now owns 201,126 shares of the energy company’s stock worth $14,166,000 after acquiring an additional 168,831 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Imperial Oil by 13.3% during the 3rd quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock worth $52,885,000 after acquiring an additional 87,914 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Imperial Oil by 17.4% during the 3rd quarter. Ritholtz Wealth Management now owns 59,726 shares of the energy company’s stock worth $4,208,000 after acquiring an additional 8,858 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Imperial Oil during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $66.64 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. The stock has a market cap of $33.92 billion, a P/E ratio of 9.93 and a beta of 1.45. Imperial Oil Limited has a twelve month low of $55.82 and a twelve month high of $80.17.

Analyst Upgrades and Downgrades

IMO has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $109.00.

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.