Imperial Oil Limited $IMO Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,664,936 shares of the energy company’s stock after selling 45,537 shares during the period. Vanguard Group Inc.’s holdings in Imperial Oil were worth $575,810,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IMO. Westside Investment Management Inc. boosted its holdings in shares of Imperial Oil by 100.0% during the third quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock worth $38,000 after purchasing an additional 213 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Imperial Oil by 64.8% during the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock worth $40,000 after purchasing an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Imperial Oil by 737.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock worth $46,000 after purchasing an additional 450 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Imperial Oil during the third quarter worth $54,000. Finally, Assetmark Inc. boosted its holdings in shares of Imperial Oil by 209.5% during the fourth quarter. Assetmark Inc. now owns 653 shares of the energy company’s stock worth $56,000 after purchasing an additional 442 shares during the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Trading Up 1.5%

Shares of IMO opened at $130.47 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $63.09 billion, a P/E ratio of 30.77 and a beta of 0.48. The stock’s fifty day simple moving average is $124.83 and its 200 day simple moving average is $106.18. Imperial Oil Limited has a twelve month low of $66.62 and a twelve month high of $134.31.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 4th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is 38.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Royal Bank Of Canada lowered Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research report on Monday, February 23rd. Finally, TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Imperial Oil presently has an average rating of “Reduce” and a consensus price target of $116.00.

Imperial Oil 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.