Imperial Oil Limited (NYSEAMERICAN:IMO) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 548,554 shares of the energy company's stock after purchasing an additional 16,555 shares during the period. Charles Schwab Investment Management Inc. owned 0.10% of Imperial Oil worth $38,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IMO. RFP Financial Group LLC purchased a new position in Imperial Oil in the second quarter worth about $25,000. Grove Bank & Trust increased its holdings in Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company's stock valued at $38,000 after buying an additional 438 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in 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 buying an additional 225 shares during the last quarter. Allworth Financial LP increased its holdings in Imperial Oil by 21.0% during the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company's stock valued at $95,000 after buying an additional 234 shares during the last quarter. Finally, Oakworth Capital Inc. bought a new position in shares of Imperial Oil in the third quarter worth approximately $101,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IMO shares. StockNews.com cut Imperial Oil from a "buy" rating to a "hold" rating in a report on Wednesday, August 28th. Scotiabank reaffirmed a "sector perform" rating and set a $110.00 target price on shares of Imperial Oil in a research report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Imperial Oil currently has an average rating of "Hold" and an average target price of $109.00.

Imperial Oil Price Performance

Shares of NYSEAMERICAN:IMO traded down $0.97 during midday trading on Tuesday, hitting $72.85. The company had a trading volume of 492,282 shares, compared to its average volume of 411,189. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. The stock has a market cap of $37.73 billion, a PE ratio of 10.86 and a beta of 1.42. Imperial Oil Limited has a twelve month low of $52.97 and a twelve month high of $80.17.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.4304 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.36%. Imperial Oil's dividend payout ratio is currently 26.53%.

About Imperial Oil

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.