Public Employees Retirement System of Ohio Cuts Stock Position in Imperial Oil Limited $IMO

Key Points

• The Public Employees Retirement System of Ohio has reduced its holdings in Imperial Oil Limited by 22.4%, now owning 12,131 shares valued at approximately $963,000.
• Imperial Oil recently increased its quarterly dividend from $0.52 to $0.72 per share, yielding 3.2% annually with a payout ratio of 31.87%.
• The stock price of Imperial Oil has a 52-week range between $58.76 and $96.09, indicating some volatility in its trading performance.

Public Employees Retirement System of Ohio reduced its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 22.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,131 shares of the energy company's stock after selling 3,502 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Imperial Oil were worth $963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMO. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Imperial Oil by 27.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,833 shares of the energy company's stock worth $606,000 after purchasing an additional 2,125 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Imperial Oil by 7,136.4% in the 1st quarter. GAMMA Investing LLC now owns 796 shares of the energy company's stock worth $580,000 after purchasing an additional 785 shares in the last quarter. Yousif Capital Management LLC purchased a new position in shares of Imperial Oil in the 1st quarter worth about $226,000. Assenagon Asset Management S.A. lifted its stake in shares of Imperial Oil by 1.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 34,851 shares of the energy company's stock valued at $2,517,000 after acquiring an additional 499 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV bought a new stake in shares of Imperial Oil in the 1st quarter valued at about $5,095,000. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Stock Up 0.9%

Shares of NYSEAMERICAN:IMO opened at $90.04 on Friday. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $96.09. The firm has a market capitalization of $45.19 billion, a P/E ratio of 13.87 and a beta of 0.83. The stock has a 50 day moving average price of $88.26 and a 200-day moving average price of $78.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Thursday, September 4th were given a dividend of $0.72 per share. This is a boost from Imperial Oil's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.88 dividend on an annualized basis and a yield of 3.2%. Imperial Oil's dividend payout ratio is 31.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wolfe Research lowered Imperial Oil from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 23rd. Tudor Pickering lowered Imperial Oil from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Royal Bank Of Canada boosted their target price on Imperial Oil from $108.00 to $115.00 and gave the company a "sector perform" rating in a research note on Thursday, September 25th. BMO Capital Markets reissued an "outperform" rating on shares of Imperial Oil in a research note on Monday, August 4th. Finally, Raymond James Financial lowered Imperial Oil from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $115.00.

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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