Sumitomo Mitsui Trust Holdings Inc. Cuts Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 589,476 shares of the energy company's stock after selling 18,495 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.11% of Imperial Oil worth $33,689,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc raised its stake in 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 acquiring an additional 180 shares during the period. BNP Paribas Arbitrage SNC acquired a new stake in Imperial Oil during the third quarter worth about $35,000. Allworth Financial LP raised its stake in 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 acquiring an additional 567 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 1,200 shares during the period. Finally, State of Wyoming raised its stake 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 acquiring an additional 517 shares during the period. Institutional investors and hedge funds own 20.74% of the company's stock.

Imperial Oil Price Performance

IMO traded up $0.94 on Friday, hitting $69.44. 328,027 shares of the company's stock were exchanged, compared to its average volume of 365,293. The firm has a market cap of $37.21 billion, a price-to-earnings ratio of 11.00 and a beta of 1.48. Imperial Oil Limited has a twelve month low of $44.46 and a twelve month high of $74.58. 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 announced its quarterly earnings results on Friday, February 2nd. The energy company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.55 by $0.26. Imperial Oil had a net margin of 9.59% and a return on equity of 20.92%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $12.29 billion. As a group, sell-side analysts expect that Imperial Oil Limited will post 6.07 earnings per share for the current year.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.4473 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.79 annualized dividend and a dividend yield of 2.58%. This is a positive change from Imperial Oil's previous quarterly dividend of $0.36. Imperial Oil's dividend payout ratio (DPR) is presently 28.05%.

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.