Ameriprise Financial Inc. Has $20.32 Million Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Ameriprise Financial Inc. lessened its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 315,770 shares of the energy company's stock after selling 57,647 shares during the quarter. Ameriprise Financial Inc. owned about 0.06% of Imperial Oil worth $20,324,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IMO. FMR LLC grew its stake in Imperial Oil by 16.9% during the 4th quarter. FMR LLC now owns 43,162,088 shares of the energy company's stock worth $2,659,965,000 after buying an additional 6,228,461 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Imperial Oil by 29.0% in the 4th quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company's stock worth $67,634,000 after purchasing an additional 244,176 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Imperial Oil by 29.0% during the 4th quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company's stock valued at $58,212,000 after acquiring an additional 212,707 shares during the last quarter. Guardian Partners Inc. purchased a new position in Imperial Oil in the 4th quarter worth about $10,890,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Imperial Oil in the 4th quarter valued at approximately $7,982,000. 20.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wolfe Research upgraded Imperial Oil from a "peer perform" rating to an "outperform" rating in a report on Monday, April 21st. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Royal Bank of Canada reiterated a "sector perform" rating and set a $101.00 price objective on shares of Imperial Oil in a research note on Thursday, April 3rd. Raymond James restated an "outperform" rating on shares of Imperial Oil in a research report on Monday, May 5th. Finally, The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Imperial Oil currently has an average rating of "Hold" and an average target price of $106.33.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN:IMO traded down $0.49 during trading on Monday, reaching $72.01. 164,855 shares of the stock were exchanged, compared to its average volume of 450,601. The firm has a market cap of $36.66 billion, a PE ratio of 10.93 and a beta of 1.44. The stock has a 50-day moving average price of $68.04 and a 200-day moving average price of $69.81. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $80.17.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th will be paid a $0.523 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Wednesday, June 4th. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's payout ratio is 25.80%.

Imperial Oil Company Profile

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.