FMR LLC & Abigail Johnson Report 5.638% Passive Stake in Imperial Oil
Ticker: IMO · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 49938
| Field | Detail |
|---|---|
| Company | Imperial Oil LTD (IMO) |
| Form Type | SC 13G |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G, energy-sector
TL;DR
**FMR LLC just disclosed a 5.638% passive stake in Imperial Oil, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment management firm, and its Chair and CEO, Abigail P. Johnson, have reported a significant passive stake of 5.638% in Imperial Oil Ltd, totaling 30,215,801 shares of common stock. This filing, dated February 9, 2024, indicates that FMR LLC holds sole voting power over 22,189,880 shares and sole dispositive power over 30,215,801 shares. This matters to investors because it signals a prominent institutional investor's confidence in Imperial Oil, potentially attracting more investment and stabilizing the stock price.
Why It Matters
A major institutional investor like FMR LLC taking a significant stake can be seen as a vote of confidence, potentially leading to increased investor interest and stock stability for Imperial Oil.
Risk Assessment
Risk Level: low — This filing indicates a passive investment, meaning FMR LLC is not seeking to influence management, which generally poses low risk to existing shareholders.
Analyst Insight
Smart investors should view this as a positive signal, indicating that a major institutional player sees value in Imperial Oil Ltd. It might be worth researching Imperial Oil further or considering adding it to a diversified portfolio, especially if the investor aligns with FMR LLC's long-term, passive investment strategy.
Key Numbers
- 30,215,801 — Shares Beneficially Owned (Total common stock shares of Imperial Oil Ltd owned by FMR LLC and Abigail P. Johnson.)
- 5.638% — Percent of Class (The percentage of Imperial Oil Ltd's common stock owned by FMR LLC and Abigail P. Johnson.)
- 22,189,880 — Sole Voting Power Shares (The number of shares over which FMR LLC has sole power to vote or direct the vote.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- IMPERIAL OIL LTD (company) — issuer of the securities
- Abigail P. Johnson (person) — reporting person, likely associated with FMR LLC
- 22,189,880 (dollar_amount) — shares with sole voting power for FMR LLC
- 30,215,801 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 5.638% (dollar_amount) — percent of class owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- Imperial Oil Ltd's stock may experience increased stability due to institutional backing. (IMPERIAL OIL LTD) — medium confidence, target: 6-12 months
- Other institutional investors might follow FMR LLC's lead and increase their positions in Imperial Oil Ltd. (IMPERIAL OIL LTD) — low confidence, target: 3-6 months
FAQ
Who are the primary reporting persons in this SC 13G filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Items 1 and 2(a) of the filing.
What is the total number of common stock shares of Imperial Oil Ltd beneficially owned by the reporting persons?
The total number of common stock shares beneficially owned is 30,215,801, as indicated in Item 4(a) and Item 7 on the cover pages for both FMR LLC and Abigail P. Johnson.
What percentage of Imperial Oil Ltd's common stock does FMR LLC and Abigail P. Johnson collectively own?
They collectively own 5.638% of the class, as reported in Item 4(b) and Item 11 on the cover pages for both FMR LLC and Abigail P. Johnson.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing.
What is the CUSIP number for Imperial Oil Ltd's common stock?
The CUSIP number is 453038408, as stated in Item 2(e) and on the cover page of the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding IMPERIAL OIL LTD (IMO).