Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,600 shares of the energy company's stock after selling 13,700 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Imperial Oil were worth $8,722,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Imperial Oil by 16.9% during the 4th quarter. FMR LLC now owns 43,162,088 shares of the energy company's stock valued at $2,659,965,000 after acquiring an additional 6,228,461 shares during the period. Geode Capital Management LLC boosted its stake in shares of Imperial Oil by 29.0% in the fourth quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company's stock valued at $67,634,000 after purchasing an additional 244,176 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Imperial Oil by 29.0% in 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. Guardian Partners Inc. acquired a new position in shares of Imperial Oil in the fourth quarter valued at approximately $10,890,000. Finally, Raymond James Financial Inc. purchased a new stake in Imperial Oil during the 4th quarter worth approximately $7,982,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Stock Up 1.8%

Shares of NYSEAMERICAN:IMO opened at $72.47 on Tuesday. The company has a market cap of $36.89 billion, a price-to-earnings ratio of 11.00 and a beta of 1.44. Imperial Oil Limited has a fifty-two week low of $58.76 and a fifty-two week high of $80.17. The firm's 50-day simple moving average is $67.61 and its 200-day simple moving average is $69.73. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th will be issued a dividend of $0.523 per share. This represents a $2.09 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Wednesday, June 4th. This is a positive change from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's dividend payout ratio is currently 25.80%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IMO shares. Wolfe Research raised shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research report on Monday, April 21st. The Goldman Sachs Group cut Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Scotiabank upgraded Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Raymond James reiterated an "outperform" rating on shares of Imperial Oil in a research note on Monday, May 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $101.00 price objective on shares of Imperial Oil in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $106.33.

Imperial Oil Company Profile

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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