Swiss National Bank Sells 35,300 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Swiss National Bank trimmed its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 531,876 shares of the energy company's stock after selling 35,300 shares during the period. Swiss National Bank owned 0.10% of Imperial Oil worth $32,764,000 as of its most recent filing with the SEC.

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

Remove Ads

Imperial Oil Trading Down 0.1 %

NYSEAMERICAN IMO traded down $0.05 during trading hours on Friday, hitting $71.21. 393,953 shares of the company's stock were exchanged, compared to its average volume of 526,302. The stock has a market cap of $36.25 billion, a price-to-earnings ratio of 10.81 and a beta of 1.44. The firm has a 50-day moving average of $68.27. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 1-year low of $60.95 and a 1-year high of $80.17.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. This is an increase from Imperial Oil's previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. This represents a $1.99 annualized dividend and a dividend yield of 2.79%. Imperial Oil's payout ratio is currently 25.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on IMO shares. Wolfe Research lowered Imperial Oil from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered shares of Imperial Oil from a "neutral" rating to an "underweight" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.