Ameriprise Financial Inc. lessened its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,770 shares of the energy company's stock after selling 57,647 shares during the period. Ameriprise Financial Inc. owned about 0.06% of Imperial Oil worth $20,324,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in IMO. Signaturefd LLC boosted its position in shares of Imperial Oil by 2.0% during the fourth quarter. Signaturefd LLC now owns 7,648 shares of the energy company's stock worth $471,000 after buying an additional 150 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Imperial Oil by 4.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company's stock worth $241,000 after buying an additional 163 shares during the last quarter. Gold Investment Management Ltd. boosted its stake in Imperial Oil by 0.7% in the fourth quarter. Gold Investment Management Ltd. now owns 27,904 shares of the energy company's stock valued at $1,719,000 after acquiring an additional 186 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of Imperial Oil by 5.0% in the 4th quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company's stock valued at $241,000 after purchasing an additional 187 shares during the period. Finally, Allworth Financial LP grew its position in shares of Imperial Oil by 21.0% during the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock worth $100,000 after acquiring an additional 283 shares during the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.
Imperial Oil Trading Down 0.1%
Shares of Imperial Oil stock traded down $0.05 during trading on Wednesday, hitting $71.89. The stock had a trading volume of 41,274 shares, compared to its average volume of 449,471. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $80.17. The stock has a 50 day simple moving average of $68.24 and a 200 day simple moving average of $69.84. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $36.59 billion, a PE ratio of 10.90 and a beta of 1.44.
Imperial Oil Increases Dividend
The company 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 is a boost from Imperial Oil's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, June 4th. This represents a $2.09 annualized dividend and a dividend yield of 2.91%. Imperial Oil's payout ratio is presently 25.80%.
Analysts Set New Price Targets
IMO has been the topic of a number of analyst reports. Scotiabank upgraded Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Raymond James reaffirmed an "outperform" rating on shares of Imperial Oil in a research note on Monday, May 5th. Wolfe Research upgraded Imperial Oil from a "peer perform" rating to an "outperform" rating in a report on Monday, April 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $101.00 price target on shares of Imperial Oil in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group cut Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Two equities research 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $106.33.
Get Our Latest Stock Report on IMO
Imperial Oil Company Profile
(
Free Report)
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.
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