Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. reduced its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 71.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,838 shares of the energy company's stock after selling 12,229 shares during the quarter. Total Wealth Planning & Management Inc.'s holdings in Imperial Oil were worth $350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in shares of Imperial Oil by 198.9% during the first quarter. Bessemer Group Inc. now owns 23,690 shares of the energy company's stock worth $1,713,000 after purchasing an additional 15,765 shares during the period. Continuum Advisory LLC bought a new stake in shares of Imperial Oil during the 1st quarter valued at about $71,000. Blue Trust Inc. raised its stake in Imperial Oil by 17.5% during the first quarter. Blue Trust Inc. now owns 12,295 shares of the energy company's stock worth $889,000 after acquiring an additional 1,827 shares during the period. Clarius Group LLC lifted its holdings in Imperial Oil by 28.8% in the first quarter. Clarius Group LLC now owns 6,576 shares of the energy company's stock worth $476,000 after acquiring an additional 1,472 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Imperial Oil by 13.9% in the first quarter. Ritholtz Wealth Management now owns 65,247 shares of the energy company's stock worth $4,719,000 after acquiring an additional 7,958 shares during the last quarter. Institutional investors and hedge funds own 20.74% of the company's stock.

Imperial Oil Stock Performance

IMO stock opened at $81.33 on Friday. The company has a market capitalization of $41.40 billion, a P/E ratio of 12.16 and a beta of 0.87. The company has a 50-day simple moving average of $72.95 and a 200 day simple moving average of $70.29. Imperial Oil Limited has a fifty-two week low of $58.76 and a fifty-two week high of $82.85. The company has a quick ratio of 1.22, a current ratio of 1.48 and a debt-to-equity ratio of 0.16.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th will be paid a $0.523 dividend. This is a positive change from Imperial Oil's previous quarterly dividend of $0.50. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil's dividend payout ratio is currently 31.87%.

Analyst Ratings Changes

Several equities research analysts have weighed in on IMO shares. Desjardins cut Imperial Oil from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 3rd. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Raymond James Financial restated an "outperform" rating on shares of Imperial Oil in a research report on Monday, May 5th. Finally, Wolfe Research upgraded shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $106.33.

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.

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