Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC lifted its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,369 shares of the energy company’s stock after purchasing an additional 320 shares during the period. J. W. Coons Advisors LLC’s holdings in Imperial Oil were worth $762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its holdings in shares of Imperial Oil by 5.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,753 shares of the energy company’s stock worth $265,000 after purchasing an additional 178 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Imperial Oil by 5.0% during the 4th quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock worth $241,000 after purchasing an additional 187 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Imperial Oil by 21.0% during the 3rd quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after purchasing an additional 234 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Imperial Oil by 8.0% in the fourth quarter. Ballentine Partners LLC now owns 3,900 shares of the energy company’s stock valued at $240,000 after acquiring an additional 288 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Imperial Oil in the third quarter valued at approximately $28,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IMO shares. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Trading Down 4.4 %

IMO opened at $69.81 on Monday. Imperial Oil Limited has a one year low of $60.38 and a one year high of $80.17. The company has a market capitalization of $35.54 billion, a P/E ratio of 10.59 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be given a $0.4972 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. This represents a $1.99 dividend on an annualized basis and a yield of 2.85%. Imperial Oil’s payout ratio is presently 25.80%.

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.