Imperial Oil Limited (NYSEAMERICAN:IMO) Stock Holdings Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC increased its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,686 shares of the energy company’s stock after purchasing an additional 1,002 shares during the quarter. NewEdge Advisors LLC’s holdings in Imperial Oil were worth $473,000 at the end of the most recent quarter.

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

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $69.45 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. The firm has a market capitalization of $35.35 billion, a price-to-earnings ratio of 10.54 and a beta of 1.44. The company has a 50 day simple moving average of $67.74 and a 200-day simple moving average of $69.76. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $80.17.

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 paid a dividend of $0.4972 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.86%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s dividend payout ratio (DPR) is 25.80%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IMO. Royal Bank of Canada reissued a “sector perform” rating and issued a $101.00 price target on shares of Imperial Oil in a report on Thursday, April 3rd. Scotiabank raised shares of Imperial Oil to a “hold” rating in a report on Wednesday, March 19th. Wolfe Research raised shares of Imperial Oil from a “peer perform” rating to an “outperform” rating in a research note on Monday, April 21st. The Goldman Sachs Group downgraded shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Finally, Raymond James upgraded shares of Imperial Oil from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.33.

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.