Triasima Portfolio Management inc. cut its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,100 shares of the energy company's stock after selling 86,533 shares during the quarter. Imperial Oil comprises approximately 1.3% of Triasima Portfolio Management inc.'s holdings, making the stock its 25th largest holding. Triasima Portfolio Management inc. owned approximately 0.05% of Imperial Oil worth $15,414,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Imperial Oil by 3.6% in the third 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 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 period. The Manufacturers Life Insurance Company lifted its stake in Imperial Oil by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 3,371,517 shares of the energy company's stock worth $209,148,000 after acquiring an additional 1,801,671 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Imperial Oil by 27.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,737,291 shares of the energy company's stock worth $168,591,000 after acquiring an additional 589,017 shares during the period. Finally, Morgan Stanley lifted its stake in Imperial Oil by 91.7% in the fourth quarter. Morgan Stanley now owns 2,557,092 shares of the energy company's stock worth $124,633,000 after acquiring an additional 1,223,456 shares during the period. 20.74% of the stock is currently owned by institutional investors.
Imperial Oil Stock Performance
Shares of IMO stock traded down $1.28 during mid-day trading on Friday, hitting $69.93. 512,212 shares of the stock traded hands, compared to its average volume of 349,493. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 11.08 and a beta of 1.48. Imperial Oil Limited has a 52-week low of $44.46 and a 52-week high of $74.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.26.
Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last announced its quarterly earnings data on Friday, February 2nd. The energy company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.55 by $0.26. The firm had revenue of $9.63 billion during the quarter, compared to analyst estimates of $12.29 billion. Imperial Oil had a net margin of 9.59% and a return on equity of 20.92%. On average, equities analysts forecast that Imperial Oil Limited will post 6.07 EPS for the current fiscal year.
Imperial Oil Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.4473 dividend. This represents a $1.79 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Imperial Oil's previous quarterly dividend of $0.36. Imperial Oil's dividend payout ratio is 28.05%.
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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