Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 401,073 shares of the energy company's stock after selling 26,390 shares during the quarter. Mackenzie Financial Corp owned approximately 0.07% of Imperial Oil worth $22,858,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IMO. AdvisorNet Financial Inc boosted its holdings in shares of Imperial Oil by 52.6% during the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company's stock worth $30,000 after purchasing an additional 180 shares during the last quarter. BNP Paribas Arbitrage SNC acquired a new position in shares of Imperial Oil during the third quarter worth approximately $35,000. Allworth Financial LP boosted its position in shares of Imperial Oil by 176.6% during the third quarter. Allworth Financial LP now owns 888 shares of the energy company's stock worth $55,000 after buying an additional 567 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Imperial Oil by 229.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,724 shares of the energy company's stock worth $84,000 after purchasing an additional 1,200 shares in the last quarter. Finally, State of Wyoming raised its holdings in Imperial Oil by 21.7% during the second quarter. State of Wyoming now owns 2,900 shares of the energy company's stock worth $148,000 after purchasing an additional 517 shares in the last quarter. 20.74% of the stock is owned by institutional investors and hedge funds.

Imperial Oil Price Performance

Shares of IMO traded down $0.64 during mid-day trading on Thursday, reaching $68.61. The company's stock had a trading volume of 346,519 shares, compared to its average volume of 423,268. Imperial Oil Limited has a 1 year low of $44.46 and a 1 year high of $74.58. The firm has a market capitalization of $36.76 billion, a P/E ratio of 10.85 and a beta of 1.48. The company has a quick ratio of 0.96, a current ratio of 1.26 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 for the quarter, beating 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 business had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $12.29 billion. Equities analysts forecast that Imperial Oil Limited will post 6.07 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.4473 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Imperial Oil's previous quarterly dividend of $0.36. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.61%. Imperial Oil's payout ratio is currently 28.05%.

Imperial Oil 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.