Commonwealth Equity Services LLC Has $586,000 Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Commonwealth Equity Services LLC reduced its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 24.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,507 shares of the energy company’s stock after selling 3,008 shares during the period. Commonwealth Equity Services LLC’s holdings in Imperial Oil were worth $586,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC increased its holdings in shares of Imperial Oil by 4.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company’s stock valued at $241,000 after purchasing an additional 163 shares during the last quarter. OLD National Bancorp IN grew its stake in Imperial Oil by 5.0% in the 4th quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock valued at $241,000 after buying an additional 187 shares during the last quarter. Allworth Financial LP raised its holdings in Imperial Oil by 21.0% in the 4th 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 during the period. Ballentine Partners LLC raised its holdings in Imperial Oil by 8.0% in the 4th quarter. Ballentine Partners LLC now owns 3,900 shares of the energy company’s stock valued at $240,000 after acquiring an additional 288 shares during the period. Finally, US Bancorp DE lifted its position in Imperial Oil by 1.5% during the fourth quarter. US Bancorp DE now owns 20,408 shares of the energy company’s stock worth $1,257,000 after acquiring an additional 296 shares during the last quarter. Institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Scotiabank raised Imperial Oil to a “hold” rating in a report on Wednesday, March 19th. The Goldman Sachs Group lowered shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $101.00 price target on shares of Imperial Oil in a research report on Thursday. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.33.

Imperial Oil Stock Performance

Shares of IMO opened at $63.47 on Friday. 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 52 week low of $60.95 and a 52 week high of $80.17. The company has a market cap of $32.31 billion, a PE ratio of 9.63 and a beta of 1.44. The firm has a fifty day moving average price of $69.57.

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 given a dividend of $0.4972 per share. The ex-dividend date was Wednesday, March 5th. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a yield of 3.13%. Imperial Oil’s dividend payout ratio (DPR) 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.