Mitsubishi UFJ Trust & Banking Corp Sells 6,000 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,406 shares of the energy company's stock after selling 6,000 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Imperial Oil were worth $4,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in IMO. Winch Advisory Services LLC purchased a new position in shares of Imperial Oil during the 4th quarter worth approximately $26,000. BNP Paribas Financial Markets purchased a new stake in Imperial Oil in the third quarter worth $28,000. Wingate Wealth Advisors Inc. bought a new position in Imperial Oil in the fourth quarter worth $41,000. Allworth Financial LP lifted its position in Imperial Oil by 21.0% during the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock valued at $100,000 after buying an additional 283 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Imperial Oil during the third quarter valued at $137,000. Institutional investors own 20.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Imperial Oil from a "neutral" rating to an "underweight" rating in a research note on Thursday, December 19th. Scotiabank raised shares of Imperial Oil to a "hold" rating in a research note on Wednesday, March 19th. Wolfe Research cut Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. The Goldman Sachs Group downgraded Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $101.00 price objective on shares of Imperial Oil in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $106.33.

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Imperial Oil Stock Down 7.5 %

IMO traded down $5.12 during midday trading on Friday, hitting $63.47. 938,954 shares of the company traded hands, compared to its average volume of 434,819. The firm has a 50-day moving average of $69.57. Imperial Oil Limited has a 52 week low of $60.95 and a 52 week high of $80.17. The firm has a market cap of $32.31 billion, a price-to-earnings ratio of 9.63 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th were given a $0.4972 dividend. This represents a $1.99 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, March 5th. This is an increase from Imperial Oil's previous quarterly dividend of $0.43. Imperial Oil's payout ratio is 25.80%.

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.