Northwest & Ethical Investments L.P. Decreases Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Northwest & Ethical Investments L.P. lessened its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 200,069 shares of the energy company's stock after selling 7,824 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Imperial Oil were worth $12,308,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Signaturefd LLC lifted its position in Imperial Oil by 2.0% during the 4th quarter. Signaturefd LLC now owns 7,648 shares of the energy company's stock worth $471,000 after acquiring an additional 150 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Imperial Oil by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company's stock worth $241,000 after purchasing an additional 163 shares during the period. Gold Investment Management Ltd. boosted its position in Imperial Oil by 0.7% in the fourth quarter. Gold Investment Management Ltd. now owns 27,904 shares of the energy company's stock valued at $1,719,000 after buying an additional 186 shares during the last quarter. OLD National Bancorp IN boosted its position in Imperial Oil by 5.0% in the fourth quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company's stock valued at $241,000 after buying an additional 187 shares during the last quarter. Finally, Allworth Financial LP raised its position in Imperial Oil by 21.0% during the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock worth $100,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 20.74% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. lowered Imperial Oil from a "neutral" rating to an "underweight" rating in a report on Thursday, December 19th. Wolfe Research lowered shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $109.00.

Imperial Oil Price Performance

NYSEAMERICAN IMO traded up $1.58 on Monday, hitting $72.79. The company had a trading volume of 316,453 shares, compared to its average volume of 432,720. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The company's fifty day moving average price is $68.66. The stock has a market capitalization of $37.05 billion, a P/E ratio of 11.05 and a beta of 1.44. Imperial Oil Limited has a 12-month low of $60.95 and a 12-month high of $80.17.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be given a dividend of $0.4972 per share. This represents a $1.99 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Imperial Oil's previous quarterly dividend of $0.43. Imperial Oil's dividend payout ratio is 25.80%.

Imperial Oil 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.