Imperial Oil Limited (NYSEAMERICAN:IMO) Position Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 522,722 shares of the energy company’s stock after selling 25,832 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.10% of Imperial Oil worth $32,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IMO. Winch Advisory Services LLC bought a new position in shares of Imperial Oil during the fourth quarter worth about $26,000. BNP Paribas Financial Markets acquired a new position in Imperial Oil during the 3rd quarter valued at about $28,000. Wingate Wealth Advisors Inc. bought a new position in Imperial Oil in the 4th quarter worth about $41,000. Allworth Financial LP grew its position in Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after purchasing an additional 283 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Imperial Oil in the third quarter valued at approximately $137,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Price Performance

IMO stock opened at $67.90 on Monday. The firm has a market capitalization of $34.56 billion, a price-to-earnings ratio of 10.30 and a beta of 1.44. Imperial Oil Limited has a 12 month low of $60.95 and a 12 month high of $80.17. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company’s 50 day simple moving average is $67.66.

Imperial Oil Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.99 dividend on an annualized basis and a yield of 2.93%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s dividend payout ratio (DPR) is currently 25.80%.

Analysts Set New Price Targets

A number of research firms have commented on IMO. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $109.00.

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.