Hsbc Holdings PLC Sells 5,747 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Hsbc Holdings PLC decreased its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,176 shares of the energy company's stock after selling 5,747 shares during the period. Hsbc Holdings PLC's holdings in Imperial Oil were worth $6,544,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mediolanum International Funds Ltd boosted its stake in Imperial Oil by 42.8% during the fourth quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company's stock worth $874,000 after acquiring an additional 4,308 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Imperial Oil by 29.0% during the fourth quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company's stock valued at $58,212,000 after purchasing an additional 212,707 shares during the period. Stevens Capital Management LP bought a new position in shares of Imperial Oil during the 4th quarter worth about $258,000. Barclays PLC grew its stake in shares of Imperial Oil by 27.8% in the 3rd quarter. Barclays PLC now owns 2,838 shares of the energy company's stock valued at $200,000 after buying an additional 617 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Imperial Oil in the 4th quarter valued at about $7,982,000. Institutional investors own 20.74% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $101.00 price objective on shares of Imperial Oil in a research note on Thursday, April 3rd. 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. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Raymond James raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Finally, Wolfe Research raised shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $106.33.

Imperial Oil Stock Up 1.0 %

NYSEAMERICAN:IMO traded up $0.71 on Friday, hitting $68.78. The stock had a trading volume of 503,323 shares, compared to its average volume of 449,898. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $80.17. The firm's fifty day simple moving average is $67.57 and its two-hundred day simple moving average is $69.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. The stock has a market cap of $35.01 billion, a P/E ratio of 10.44 and a beta of 1.44.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th were given a $0.4972 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.99 annualized dividend and a yield of 2.89%. This is a boost from Imperial Oil's previous quarterly dividend of $0.43. Imperial Oil's payout ratio is currently 25.80%.

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.