Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 47.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,094 shares of the energy company's stock after selling 18,983 shares during the period. Corient Private Wealth LLC's holdings in Imperial Oil were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Natixis Advisors LLC lifted its position in Imperial Oil by 7.8% in the fourth quarter. Natixis Advisors LLC now owns 13,803 shares of the energy company's stock valued at $850,000 after acquiring an additional 1,000 shares during the last quarter. Aviso Financial Inc. increased its position in shares of Imperial Oil by 4.3% during the fourth quarter. Aviso Financial Inc. now owns 19,775 shares of the energy company's stock worth $1,218,000 after purchasing an additional 821 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Imperial Oil by 4.3% in the 4th 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Imperial Oil by 3.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,288 shares of the energy company's stock valued at $7,594,000 after purchasing an additional 3,902 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its stake in Imperial Oil by 394.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 42,321 shares of the energy company's stock worth $2,621,000 after buying an additional 33,760 shares during the last quarter. 20.74% of the stock is owned by institutional investors and hedge funds.

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Imperial Oil Stock Performance

IMO traded down $1.43 during trading on Friday, hitting $70.84. The stock had a trading volume of 329,051 shares, compared to its average volume of 433,503. The company has a market capitalization of $36.06 billion, a price-to-earnings ratio of 10.75 and a beta of 1.44. 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 twelve month low of $60.95 and a twelve month high of $80.17. The business has a 50-day moving average of $69.30.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be given 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 2.81%. This is an increase from Imperial Oil's previous quarterly dividend of $0.43. Imperial Oil's dividend payout ratio (DPR) is presently 25.80%.

Wall Street Analyst Weigh In

IMO has been the subject of a number of research reports. The Goldman Sachs Group cut Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday. JPMorgan Chase & Co. cut shares of Imperial Oil from a "neutral" rating to an "underweight" rating in a research note on Thursday, December 19th. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a research note on Wednesday, March 19th. Finally, Wolfe Research cut shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.