Universal Beteiligungs und Servicegesellschaft mbH lessened its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 34.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,498 shares of the energy company's stock after selling 109,135 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Imperial Oil were worth $14,988,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. Yousif Capital Management LLC bought a new stake in shares of Imperial Oil in the first quarter worth about $226,000. Bessemer Group Inc. grew its stake in shares of Imperial Oil by 198.9% in 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 last quarter. JPMorgan Chase & Co. lifted its holdings in Imperial Oil by 29.0% in 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. Envestnet Asset Management Inc. lifted its holdings in Imperial Oil by 8.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 63,193 shares of the energy company's stock worth $3,893,000 after buying an additional 5,181 shares during the period. Finally, Vise Technologies Inc. lifted its holdings in Imperial Oil by 70.2% in the fourth quarter. Vise Technologies Inc. now owns 13,002 shares of the energy company's stock worth $801,000 after buying an additional 5,361 shares during the period. Institutional investors own 20.74% of the company's stock.
Wall Street Analysts Forecast Growth
IMO has been the subject of several recent research reports. Raymond James Financial lowered shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 3rd. Royal Bank Of Canada reiterated a "sector perform" rating and set a $101.00 target price on shares of Imperial Oil in a report on Thursday, April 3rd. Wolfe Research downgraded shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday. Desjardins downgraded shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group downgraded shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $105.50.
Check Out Our Latest Stock Analysis on Imperial Oil
Imperial Oil Trading Down 0.5%
NYSEAMERICAN:IMO traded down $0.41 during mid-day trading on Friday, hitting $83.68. 364,459 shares of the stock traded hands, compared to its average volume of 334,886. The stock has a market capitalization of $42.60 billion, a price-to-earnings ratio of 12.51 and a beta of 0.89. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week high of $85.02. The firm's 50 day moving average is $78.21 and its two-hundred day moving average is $71.12. 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 announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 4th were paid a $0.523 dividend. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. This represents a $2.09 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Wednesday, June 4th. Imperial Oil's dividend payout ratio is currently 31.87%.
About Imperial Oil
(
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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