TD Waterhouse Canada Inc. Sells 55,239 Shares of Imperial Oil Limited $IMO

TD Waterhouse Canada Inc. lessened its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 9.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 527,608 shares of the energy company’s stock after selling 55,239 shares during the period. TD Waterhouse Canada Inc.’s holdings in Imperial Oil were worth $45,365,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IMO. AQR Capital Management LLC boosted its position in shares of Imperial Oil by 5.0% during the 1st quarter. AQR Capital Management LLC now owns 34,218 shares of the energy company’s stock valued at $2,475,000 after acquiring an additional 1,627 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Imperial Oil by 54.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,887 shares of the energy company’s stock valued at $860,000 after acquiring an additional 4,201 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Imperial Oil during the 1st quarter valued at about $200,000. Cetera Investment Advisers boosted its position in shares of Imperial Oil by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 4,569 shares of the energy company’s stock valued at $363,000 after acquiring an additional 291 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Imperial Oil by 4.7% during the 2nd quarter. Invesco Ltd. now owns 354,865 shares of the energy company’s stock valued at $28,205,000 after acquiring an additional 15,834 shares during the last quarter. Institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IMO. Zacks Research upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Royal Bank Of Canada downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 target price for the company. in a research report on Monday, February 23rd. Finally, TD Securities restated a “sell” rating on shares of Imperial Oil in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $116.00.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $121.94 on Monday. The business has a 50 day moving average of $123.30 and a 200 day moving average of $103.79. The company has a market capitalization of $58.97 billion, a price-to-earnings ratio of 26.62 and a beta of 0.58. Imperial Oil Limited has a 1-year low of $63.20 and a 1-year high of $133.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.94.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Thursday, March 5th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. Imperial Oil’s dividend payout ratio is presently 38.69%.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.