Imperial Oil (NYSEAMERICAN:IMO) Trading Down 3.7%

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO were down 3.7% on Thursday . The stock traded as low as $71.09 and last traded at $71.16. Approximately 314,483 shares were traded during trading, a decline of 26% from the average daily volume of 424,457 shares. The stock had previously closed at $73.88.

Imperial Oil Trading Down 3.6 %

The firm has a market capitalization of $38.16 billion, a PE ratio of 11.29 and a beta of 1.48. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last issued its quarterly earnings data on Friday, February 2nd. The energy company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.26. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. The firm had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $12.29 billion. Research analysts forecast that Imperial Oil Limited will post 6.02 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.4473 per share. This is a positive change from Imperial Oil's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.79 annualized dividend and a yield of 2.51%. Imperial Oil's dividend payout ratio is presently 28.05%.

Institutional Investors Weigh In On Imperial Oil

Several large investors have recently added to or reduced their stakes in IMO. FMR LLC increased its holdings in Imperial Oil by 3.6% during the 3rd quarter. FMR LLC now owns 28,557,885 shares of the energy company's stock worth $1,758,993,000 after purchasing an additional 1,001,847 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Imperial Oil by 1.4% during the fourth quarter. First Eagle Investment Management LLC now owns 22,495,313 shares of the energy company's stock worth $1,281,608,000 after buying an additional 316,009 shares during the period. Goldman Sachs Group Inc. raised its holdings in Imperial Oil by 526.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,036,163 shares of the energy company's stock valued at $573,968,000 after acquiring an additional 8,435,104 shares in the last quarter. Vanguard Group Inc. lifted its stake in Imperial Oil by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,069,354 shares of the energy company's stock worth $341,591,000 after acquiring an additional 109,916 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Imperial Oil by 95.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,597,474 shares of the energy company's stock worth $376,421,000 after acquiring an additional 3,225,957 shares in the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

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.