State of Wyoming lowered its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 36.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,634 shares of the energy company's stock after selling 3,878 shares during the quarter. State of Wyoming's holdings in Imperial Oil were worth $479,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of IMO. Yousif Capital Management LLC purchased a new position in Imperial Oil in the 1st quarter worth approximately $226,000. Bessemer Group Inc. boosted its holdings in Imperial Oil by 198.9% in the 1st quarter. Bessemer Group Inc. now owns 23,690 shares of the energy company's stock worth $1,713,000 after acquiring an additional 15,765 shares during the period. LPL Financial LLC boosted its holdings in Imperial Oil by 68.6% in the 1st quarter. LPL Financial LLC now owns 79,692 shares of the energy company's stock worth $5,763,000 after acquiring an additional 32,437 shares during the period. Principal Financial Group Inc. boosted its holdings in Imperial Oil by 7.7% in the 1st quarter. Principal Financial Group Inc. now owns 16,796 shares of the energy company's stock worth $1,213,000 after acquiring an additional 1,200 shares during the period. Finally, Vise Technologies Inc. boosted its holdings in Imperial Oil by 70.2% in the 4th quarter. Vise Technologies Inc. now owns 13,002 shares of the energy company's stock worth $801,000 after acquiring an additional 5,361 shares during the period. Hedge funds and other institutional investors own 20.74% of the company's stock.
Imperial Oil Stock Performance
IMO stock opened at $90.78 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. The firm has a market cap of $45.99 billion, a P/E ratio of 13.99 and a beta of 0.92. Imperial Oil Limited has a 12-month low of $58.76 and a 12-month high of $91.17. The stock's 50 day simple moving average is $83.34 and its 200 day simple moving average is $74.38.
Imperial Oil Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Thursday, September 4th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $2.88 annualized dividend and a dividend yield of 3.2%. This is an increase from Imperial Oil's previous quarterly dividend of $0.52. Imperial Oil's dividend payout ratio is currently 31.87%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on IMO shares. Desjardins cut Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Tudor Pickering lowered Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Raymond James Financial lowered Imperial Oil from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Wolfe Research lowered Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Imperial Oil in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $105.50.
View Our Latest Report on IMO
Imperial Oil Profile
(
Free Report)
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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