Huntington National Bank Acquires 1,151 Shares of Imperial Oil Ltd (NYSEAMERICAN:IMO)

Huntington National Bank lifted its holdings in Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 29.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,040 shares of the energy company’s stock after acquiring an additional 1,151 shares during the period. Huntington National Bank’s holdings in Imperial Oil were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Imperial Oil by 1.3% in the second quarter. Royal Bank of Canada now owns 13,967,167 shares of the energy company’s stock worth $386,483,000 after acquiring an additional 185,665 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Imperial Oil by 2.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 11,043,637 shares of the energy company’s stock valued at $305,577,000 after buying an additional 300,920 shares during the last quarter. Vanguard Group Inc. boosted its stake in Imperial Oil by 2.3% during the second quarter. Vanguard Group Inc. now owns 7,369,351 shares of the energy company’s stock valued at $203,911,000 after buying an additional 165,503 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Imperial Oil by 25.7% during the second quarter. Mackenzie Financial Corp now owns 1,947,123 shares of the energy company’s stock valued at $53,877,000 after buying an additional 397,681 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Imperial Oil by 11.7% during the second quarter. Fiera Capital Corp now owns 1,366,976 shares of the energy company’s stock valued at $37,857,000 after buying an additional 143,409 shares during the last quarter.

IMO stock traded down $0.13 during midday trading on Friday, reaching $26.68. 146,557 shares of the company traded hands, compared to its average volume of 295,124. Imperial Oil Ltd has a 52-week low of $23.66 and a 52-week high of $32.41.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, November 1st. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.69 billion.

A number of equities analysts recently commented on the company. CIBC raised Imperial Oil to a “hold” rating and set a $38.00 price target for the company in a research note on Friday, November 1st. GMP Securities lowered Imperial Oil from a “hold” rating to a “reduce” rating in a research note on Monday, September 30th. TheStreet lowered Imperial Oil from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Morgan Stanley dropped their price target on Imperial Oil from $39.00 to $38.00 in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada set a $37.00 price target on Imperial Oil and gave the company a “hold” rating in a research note on Friday, October 18th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Imperial Oil presently has a consensus rating of “Hold” and a consensus target price of $36.59.

Imperial Oil Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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

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