Dimensional Fund Advisors LP Decreases Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Dimensional Fund Advisors LP lessened its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 705,429 shares of the energy company's stock after selling 79,658 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.14% of Imperial Oil worth $43,451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in IMO. Signaturefd LLC boosted its position in Imperial Oil by 2.0% during the 4th quarter. Signaturefd LLC now owns 7,648 shares of the energy company's stock valued at $471,000 after buying an additional 150 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Imperial Oil by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company's stock worth $241,000 after purchasing an additional 163 shares during the period. Gold Investment Management Ltd. grew its stake in shares of Imperial Oil by 0.7% in the fourth quarter. Gold Investment Management Ltd. now owns 27,904 shares of the energy company's stock worth $1,719,000 after purchasing an additional 186 shares during the last quarter. OLD National Bancorp IN increased its holdings in Imperial Oil by 5.0% during 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 raised its position in 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 purchasing an additional 283 shares during the last quarter. Institutional investors own 20.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IMO shares. Wolfe Research upgraded Imperial Oil from a "peer perform" rating to an "outperform" rating in a research report on Monday, April 21st. Raymond James raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Scotiabank raised 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 target on shares of Imperial Oil in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $106.33.

Imperial Oil Stock Up 1.0 %

NYSEAMERICAN:IMO opened at $68.78 on Friday. Imperial Oil Limited has a 1-year low of $58.76 and a 1-year high of $80.17. The company has a market capitalization of $35.01 billion, a PE ratio of 10.44 and a beta of 1.44. The firm's 50-day moving average price is $67.57 and its 200-day moving average price is $69.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.4972 per share. This represents a $1.99 annualized dividend and a dividend yield of 2.89%. This is a positive change from Imperial Oil's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Wednesday, March 5th. Imperial Oil's dividend payout ratio (DPR) is presently 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.

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