Wellington Management Group LLP Sells 22,176 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Wellington Management Group LLP trimmed its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,560 shares of the energy company's stock after selling 22,176 shares during the quarter. Wellington Management Group LLP's holdings in Imperial Oil were worth $2,375,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IMO. JPMorgan Chase & Co. increased its holdings 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 worth $58,212,000 after purchasing an additional 212,707 shares during the period. Guardian Partners Inc. bought a new stake in shares of Imperial Oil during the 4th quarter valued at about $10,890,000. Raymond James Financial Inc. purchased a new position in shares of Imperial Oil during the fourth quarter worth about $7,982,000. TD Asset Management Inc. raised its stake in Imperial Oil by 2.2% in the fourth quarter. TD Asset Management Inc. now owns 4,825,945 shares of the energy company's stock valued at $297,268,000 after purchasing an additional 105,970 shares in the last quarter. Finally, Mufg Securities Canada LTD. lifted its position in Imperial Oil by 68.9% during the fourth quarter. Mufg Securities Canada LTD. now owns 247,769 shares of the energy company's stock valued at $15,260,000 after purchasing an additional 101,056 shares during the last quarter. Hedge funds and other institutional investors own 20.74% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on IMO shares. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a "neutral" rating to an "underweight" rating in a report on Thursday, December 19th. Scotiabank upgraded Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Royal Bank of Canada reiterated a "sector perform" rating and set a $101.00 price target on shares of Imperial Oil in a research report on Thursday, April 3rd. Raymond James upgraded shares of Imperial Oil from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Finally, Wolfe Research downgraded shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $106.33.

Imperial Oil Trading Up 2.4 %

Shares of NYSEAMERICAN IMO traded up $1.46 during trading hours on Thursday, hitting $63.62. The company's stock had a trading volume of 191,485 shares, compared to its average volume of 441,605. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $80.17. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of 9.60 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. The business has a 50-day simple moving average of $67.95 and a 200-day simple moving average of $69.88.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th were issued a dividend of $0.4972 per share. This represents a $1.99 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Wednesday, March 5th. This is an increase from Imperial Oil's previous quarterly dividend of $0.43. Imperial Oil's dividend payout ratio is currently 25.80%.

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.