UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 17.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,339 shares of the energy company's stock after selling 40,887 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Imperial Oil were worth $14,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. RFP Financial Group LLC acquired a new position in shares of Imperial Oil during the 2nd quarter worth about $25,000. BNP Paribas Financial Markets acquired a new position in shares of Imperial Oil during the third quarter valued at approximately $28,000. Grove Bank & Trust lifted its position in shares of Imperial Oil by 438.0% in the third quarter. Grove Bank & Trust now owns 538 shares of the energy company's stock valued at $38,000 after acquiring an additional 438 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Imperial Oil by 45.6% in the second quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company's stock valued at $49,000 after acquiring an additional 225 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company's stock worth $95,000 after acquiring an additional 234 shares during the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Stock Down 2.2 %

Imperial Oil stock traded down $1.61 during trading on Friday, hitting $71.28. The company had a trading volume of 262,651 shares, compared to its average volume of 497,231. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. Imperial Oil Limited has a 1-year low of $52.97 and a 1-year high of $80.17. The company has a market capitalization of $36.91 billion, a PE ratio of 10.62 and a beta of 1.42.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a $0.4304 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil's payout ratio is 26.38%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IMO. Scotiabank reissued a "sector perform" rating and issued a $110.00 price target on shares of Imperial Oil in a research note on Wednesday, September 25th. StockNews.com lowered shares of Imperial Oil from a "buy" rating to a "hold" rating in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Imperial Oil currently has an average rating of "Hold" and a consensus target price of $109.00.

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.