Sequoia Financial Advisors LLC Purchases 178 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Sequoia Financial Advisors LLC grew its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,753 shares of the energy company’s stock after acquiring an additional 178 shares during the period. Sequoia Financial Advisors LLC’s holdings in Imperial Oil were worth $265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IMO. Hexagon Capital Partners LLC raised its stake in Imperial Oil by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock worth $34,000 after buying an additional 225 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in Imperial Oil by 2.0% in the first quarter. Azzad Asset Management Inc. ADV now owns 87,793 shares of the energy company’s stock worth $6,069,000 after buying an additional 1,707 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in Imperial Oil by 2.4% in the first quarter. Maryland State Retirement & Pension System now owns 68,730 shares of the energy company’s stock worth $4,739,000 after buying an additional 1,581 shares in the last quarter. Principal Financial Group Inc. raised its stake in Imperial Oil by 41.6% in the first quarter. Principal Financial Group Inc. now owns 13,540 shares of the energy company’s stock worth $935,000 after buying an additional 3,980 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Imperial Oil by 7.1% in the first quarter. Blue Trust Inc. now owns 7,415 shares of the energy company’s stock worth $513,000 after buying an additional 491 shares in the last quarter. 20.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IMO shares. StockNews.com downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Scotiabank reiterated a “sector perform” rating and set a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. Finally, Wolfe Research started coverage on shares of Imperial Oil in a report on Thursday, July 18th. They set an “outperform” rating and a $108.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $99.50.

Imperial Oil Stock Performance

Shares of IMO stock opened at $74.53 on Tuesday. The firm has a market cap of $39.38 billion, a PE ratio of 10.56 and a beta of 1.44. Imperial Oil Limited has a one year low of $52.97 and a one year high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.40.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings data on Friday, August 2nd. The energy company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.43 by $0.11. The firm had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.50 billion. Imperial Oil had a net margin of 10.05% and a return on equity of 22.73%. Equities research analysts predict that Imperial Oil Limited will post 6.14 EPS for the current fiscal year.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Wednesday, September 4th were issued a $0.4336 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.73 dividend on an annualized basis and a yield of 2.33%. Imperial Oil’s dividend payout ratio is currently 25.21%.

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.