Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 95.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 61,659 shares of the energy company's stock after buying an additional 30,127 shares during the period. Cerity Partners LLC's holdings in Imperial Oil were worth $4,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. RFP Financial Group LLC bought a new stake in shares of Imperial Oil during the 2nd quarter worth approximately $25,000. Grove Bank & Trust lifted its position in shares of Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company's stock worth $38,000 after purchasing an additional 438 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Imperial Oil by 45.6% during the second quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company's stock valued at $49,000 after purchasing an additional 225 shares during the period. Allworth Financial LP grew its holdings in shares of Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company's stock worth $95,000 after purchasing an additional 234 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new position in Imperial Oil in the 3rd quarter worth about $101,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on IMO shares. Scotiabank reissued a "sector perform" rating and issued a $110.00 price objective on shares of Imperial Oil in a research report on Wednesday, September 25th. StockNews.com lowered Imperial Oil from a "buy" rating to a "hold" rating in a report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Imperial Oil presently has a consensus rating of "Hold" and a consensus target price of $109.00.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO traded up $0.78 during trading hours on Friday, reaching $73.92. The company's stock had a trading volume of 169,541 shares, compared to its average volume of 394,162. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $38.28 billion, a price-to-earnings ratio of 11.02 and a beta of 1.44. Imperial Oil Limited has a 12 month low of $52.97 and a 12 month high of $80.17.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be given a dividend of $0.4304 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil's payout ratio is currently 26.53%.

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.