Desjardins Global Asset Management Inc. Lowers Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Desjardins Global Asset Management Inc. lowered its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 66.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,021 shares of the energy company’s stock after selling 3,973 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Imperial Oil were worth $116,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Imperial Oil by 3.6% during the third quarter. FMR LLC now owns 28,557,885 shares of the energy company’s stock valued at $1,758,993,000 after buying an additional 1,001,847 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Imperial Oil by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,069,354 shares of the energy company’s stock valued at $341,591,000 after buying an additional 109,916 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Imperial Oil by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 3,371,517 shares of the energy company’s stock valued at $209,148,000 after buying an additional 1,801,671 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Imperial Oil by 27.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,737,291 shares of the energy company’s stock valued at $168,591,000 after buying an additional 589,017 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Imperial Oil by 91.7% during the fourth quarter. Morgan Stanley now owns 2,557,092 shares of the energy company’s stock valued at $124,633,000 after buying an additional 1,223,456 shares during the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Trading Up 1.5 %

Imperial Oil stock opened at $69.52 on Friday. The company has a market cap of $37.25 billion, a PE ratio of 10.86 and a beta of 1.48. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. Imperial Oil Limited has a 1 year low of $44.46 and a 1 year high of $74.58.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, February 2nd. The energy company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.26. Imperial Oil had a net margin of 9.59% and a return on equity of 20.92%. The company had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $12.29 billion. On average, equities analysts forecast that Imperial Oil Limited will post 6.07 EPS for the current year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.4473 dividend. This represents a $1.79 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, March 1st. This is a boost from Imperial Oil’s previous quarterly dividend of $0.36. Imperial Oil’s payout ratio is currently 28.05%.

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.