Fiera Capital Corp Decreases Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Fiera Capital Corp lowered its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 73.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,094 shares of the energy company's stock after selling 70,361 shares during the period. Fiera Capital Corp's holdings in Imperial Oil were worth $1,768,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IMO. TD Asset Management Inc increased its position in Imperial Oil by 201.0% in the 1st quarter. TD Asset Management Inc now owns 3,384,060 shares of the energy company's stock valued at $233,640,000 after acquiring an additional 2,259,766 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Imperial Oil by 10,896.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 867,174 shares of the energy company's stock valued at $59,135,000 after acquiring an additional 859,288 shares during the period. Jupiter Asset Management Ltd. acquired a new position in Imperial Oil in the 2nd quarter valued at about $40,729,000. Capital World Investors boosted its holdings in Imperial Oil by 134.0% in the 1st quarter. Capital World Investors now owns 747,929 shares of the energy company's stock valued at $51,588,000 after purchasing an additional 428,252 shares in the last quarter. Finally, SIR Capital Management L.P. purchased a new stake in Imperial Oil in the 2nd quarter valued at approximately $11,405,000. Institutional investors and hedge funds own 20.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IMO. StockNews.com lowered Imperial Oil from a "buy" rating to a "hold" rating in a report on Wednesday, August 28th. Wolfe Research started coverage on Imperial Oil in a report on Thursday, July 18th. They issued an "outperform" rating and a $108.00 price objective on the stock. Finally, Scotiabank reissued a "sector perform" rating and set a $110.00 price target on shares of Imperial Oil in a research note on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $109.00.

Imperial Oil Trading Down 1.0 %

IMO traded down $0.72 during trading on Friday, hitting $73.26. The company's stock had a trading volume of 358,396 shares, compared to its average volume of 433,581. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.44. The company has a market capitalization of $38.71 billion, a PE ratio of 10.92 and a beta of 1.44. 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.4304 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.35%. Imperial Oil's payout ratio is 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.