Swiss National Bank Raises Imperial Oil Stake 23.6%
Imperial Oil attracted renewed institutional investment in Q1, with the Swiss National Bank boosting its stake by 23.6% to 569,676 shares valued at about $74.5 million, alongside other funds increasing positions. Barometer Capital Management raised its holding by 14.8% to 65,870 shares, making the stock roughly 3.5% of its portfolio and about the seventh-largest position at $8.6 million. Baader Bank Aktiengesellschaft opened a new stake of 6,507 shares worth around $852,000. Other notable investors mentioned include AQR Capital Management, NewEdge Advisors, UBS, Triasima, Zurcher Kantonalbank, Root Financial Partners, and Northwestern Mutual Wealth Management, underscoring broad institutional interest and leaving roughly 20.74% of the stock owned by institutions across reports. Imperial Oil’s stock traded around $124.22 at the open, with a market cap near $60.07 billion, a P/E of 29.30, and a beta of 0.45, and the company’s valuation context was complemented by mixed analyst notes in July. Analysts cited in the coverage included upgrades and downgrades from Zacks Research, Scotiabank, Imperial Capital, and Desjardins, reflecting ongoing reassessment of the stock’s outlook.
