Cerity Partners LLC Has $6.20 Million Stock Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Cerity Partners LLC increased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 46.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,764 shares of the energy company's stock after acquiring an additional 27,314 shares during the period. Cerity Partners LLC's holdings in Imperial Oil were worth $6,202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IMO. FMR LLC lifted its position in shares of Imperial Oil by 16.9% in the fourth quarter. FMR LLC now owns 43,162,088 shares of the energy company's stock valued at $2,659,965,000 after acquiring an additional 6,228,461 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Imperial Oil during the fourth quarter worth about $19,507,000. Geode Capital Management LLC lifted its position in Imperial Oil by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company's stock worth $67,634,000 after buying an additional 244,176 shares during the period. JPMorgan Chase & Co. lifted its position in Imperial Oil by 29.0% during the fourth quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company's stock worth $58,212,000 after buying an additional 212,707 shares during the period. Finally, Guardian Partners Inc. purchased a new position in Imperial Oil during the fourth quarter worth about $10,890,000. Institutional investors and hedge funds own 20.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on IMO shares. Raymond James Financial lowered Imperial Oil from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Wolfe Research upgraded Imperial Oil from a "peer perform" rating to an "outperform" rating in a research note on Monday, April 21st. Desjardins lowered Imperial Oil from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group lowered Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $101.00 target price on shares of Imperial Oil in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $105.50.

Imperial Oil Stock Up 0.4%

Shares of IMO stock traded up $0.32 on Friday, reaching $82.31. 411,826 shares of the company's stock traded hands, compared to its average volume of 455,011. Imperial Oil Limited has a 12-month low of $58.76 and a 12-month high of $83.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.22 and a current ratio of 1.48. The company has a market capitalization of $41.90 billion, a P/E ratio of 12.30 and a beta of 0.89. The business's 50 day moving average price is $77.14 and its two-hundred day moving average price is $70.90.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th were paid a dividend of $0.523 per share. This represents a $2.09 annualized dividend and a yield of 2.54%. This is a positive change from Imperial Oil's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, June 4th. Imperial Oil's payout ratio is currently 31.87%.

About Imperial Oil

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.