O Shaughnessy Asset Management LLC Sells 50,840 Shares of Imperial Oil Limited $IMO

O Shaughnessy Asset Management LLC lessened its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 24.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,407 shares of the energy company’s stock after selling 50,840 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Imperial Oil were worth $13,933,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Root Financial Partners LLC lifted its holdings in shares of Imperial Oil by 87.8% in the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in 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 acquiring an additional 169 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 acquiring an additional 450 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in Imperial Oil during the third quarter worth $54,000. Finally, Assetmark Inc. lifted its holdings in 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 acquiring an additional 442 shares during the period. Institutional investors own 20.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on IMO. Zacks Research upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada lowered Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $116.00.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $118.98 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.02. The business has a fifty day simple moving average of $128.26 and a two-hundred day simple moving average of $112.93. Imperial Oil Limited has a 1 year low of $74.05 and a 1 year high of $139.44. The company has a market capitalization of $57.54 billion, a P/E ratio of 28.06 and a beta of 0.43.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th will be 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 of this dividend is Thursday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is currently 38.24%.

About Imperial Oil

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.