Deutsche Bank AG Sells 314,106 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Deutsche Bank AG reduced its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 46.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 359,084 shares of the energy company's stock after selling 314,106 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Imperial Oil worth $22,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of IMO. Winch Advisory Services LLC purchased a new position in shares of Imperial Oil during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in Imperial Oil during the fourth quarter worth about $41,000. Allworth Financial LP increased its stake in shares of Imperial Oil by 21.0% during the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock valued at $100,000 after acquiring an additional 283 shares during the last quarter. Natixis purchased a new position in shares of Imperial Oil during the 4th quarter worth about $190,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Imperial Oil in the fourth quarter worth approximately $193,000. Hedge funds and other institutional investors own 20.74% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Raymond James reissued an "outperform" rating on shares of Imperial Oil in a research report on Monday, May 5th. The Goldman Sachs Group downgraded Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Wolfe Research upgraded shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research note on Monday, April 21st. Scotiabank raised shares of Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $101.00 price target on shares of Imperial Oil in a research note on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $106.33.

Imperial Oil Stock Up 0.0%

Shares of NYSEAMERICAN IMO traded up $0.04 during mid-day trading on Tuesday, reaching $72.05. 44,743 shares of the company traded hands, compared to its average volume of 449,000. The company's fifty day moving average is $68.14 and its two-hundred day moving average is $69.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. Imperial Oil Limited has a fifty-two week low of $58.76 and a fifty-two week high of $80.17. The stock has a market cap of $36.68 billion, a PE ratio of 10.93 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th will be issued a $0.523 dividend. This represents a $2.09 annualized dividend 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 dividend payout ratio (DPR) is 25.80%.

Imperial Oil 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.