Charles Schwab Investment Management Inc. Trims Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Imperial Oil by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company's stock valued at $59,502,000 after buying an additional 70,357 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in Imperial Oil by 42.8% in the fourth quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company's stock valued at $874,000 after acquiring an additional 4,308 shares during the last quarter. Bridgewater Associates LP boosted its stake in Imperial Oil by 522.8% in the third quarter. Bridgewater Associates LP now owns 201,126 shares of the energy company's stock valued at $14,166,000 after acquiring an additional 168,831 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Imperial Oil by 13.3% during the third quarter. National Bank of Canada FI now owns 751,038 shares of the energy company's stock worth $52,885,000 after purchasing an additional 87,914 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Imperial Oil in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 20.74% of the company's stock.

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Imperial Oil Stock Up 1.3 %

NYSEAMERICAN IMO traded up $0.93 during mid-day trading on Thursday, hitting $71.25. The stock had a trading volume of 287,919 shares, compared to its average volume of 430,713. The stock has a 50 day moving average price of $68.06. 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 firm has a market cap of $36.27 billion, a P/E ratio of 10.81 and a beta of 1.44. Imperial Oil Limited has a 52-week low of $60.95 and a 52-week high of $80.17.

Imperial Oil Increases Dividend

The firm 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 represents a $1.99 dividend on an annualized basis and a yield of 2.79%. This is a boost from Imperial Oil's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil's dividend payout ratio is presently 25.80%.

Analysts Set New Price Targets

A number of research firms recently issued reports on IMO. JPMorgan Chase & Co. lowered Imperial Oil from a "neutral" rating to an "underweight" rating in a report on Thursday, December 19th. Wolfe Research lowered Imperial Oil from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $109.00.

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.