Atria Investments Inc Has $255,000 Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Atria Investments Inc grew its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 28.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,141 shares of the energy company’s stock after purchasing an additional 909 shares during the quarter. Atria Investments Inc’s holdings in Imperial Oil were worth $255,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. OLD National Bancorp IN increased its position in Imperial Oil by 5.0% during the 4th quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock worth $241,000 after buying an additional 187 shares during the period. Allworth Financial LP grew its stake in shares of Imperial Oil by 21.0% in the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock valued at $100,000 after acquiring an additional 283 shares in the last quarter. Ballentine Partners LLC increased its position in Imperial Oil by 8.0% during the fourth quarter. Ballentine Partners LLC now owns 3,900 shares of the energy company’s stock worth $240,000 after acquiring an additional 288 shares during the period. US Bancorp DE raised its stake in Imperial Oil by 1.5% in the 4th quarter. US Bancorp DE now owns 20,408 shares of the energy company’s stock worth $1,257,000 after purchasing an additional 296 shares in the last quarter. Finally, J. W. Coons Advisors LLC raised its stake in Imperial Oil by 2.7% in the 4th quarter. J. W. Coons Advisors LLC now owns 12,369 shares of the energy company’s stock worth $762,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $109.00.

Imperial Oil Price Performance

IMO opened at $69.11 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a fifty-two week low of $60.95 and a fifty-two week high of $80.17. The stock’s 50 day simple moving average is $67.90. The company has a market cap of $35.18 billion, a price-to-earnings ratio of 10.49 and a beta of 1.44.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be paid a $0.4972 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil’s payout ratio is currently 25.80%.

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.