Imperial Oil (NYSEAMERICAN:IMO) Stock Price Down 4.4% – Should You Sell?

Shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) traded down 4.4% on Friday . The stock traded as low as $68.79 and last traded at $68.34. 463,742 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 556,480 shares. The stock had previously closed at $71.45.

Analyst Ratings Changes

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

Imperial Oil Trading Down 6.0 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. The firm has a market capitalization of $34.18 billion, a P/E ratio of 10.03 and a beta of 1.45.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd were issued a $0.4304 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.56%. Imperial Oil’s dividend payout ratio is currently 25.34%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new stake in shares of Imperial Oil during the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets purchased a new stake in shares of Imperial Oil during the third quarter worth about $28,000. Grove Bank & Trust boosted its stake in shares of Imperial Oil by 438.0% during the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock valued at $38,000 after buying an additional 438 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Imperial Oil in the 4th quarter worth approximately $41,000. Finally, Allworth Financial LP raised its position 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 valued at $95,000 after acquiring an additional 234 shares in the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

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.