Stephens Inc. AR Increases Stock Position in Imperial Oil Limited $IMO

Stephens Inc. AR raised its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,090 shares of the energy company’s stock after buying an additional 229 shares during the period. Stephens Inc. AR’s holdings in Imperial Oil were worth $1,199,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC bought a new position in Imperial Oil in the 1st quarter worth $71,000. Bessemer Group Inc. raised its holdings in Imperial Oil by 198.9% in the 1st quarter. Bessemer Group Inc. now owns 23,690 shares of the energy company’s stock worth $1,713,000 after purchasing an additional 15,765 shares in the last quarter. Gold Investment Management Ltd. raised its holdings in Imperial Oil by 0.6% in the 1st quarter. Gold Investment Management Ltd. now owns 28,082 shares of the energy company’s stock worth $2,029,000 after purchasing an additional 178 shares in the last quarter. Henry James International Management Inc. bought a new position in Imperial Oil in the 1st quarter worth $209,000. Finally, Principal Financial Group Inc. raised its holdings in Imperial Oil by 7.7% in the 1st quarter. Principal Financial Group Inc. now owns 16,796 shares of the energy company’s stock worth $1,213,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on IMO shares. Raymond James Financial lowered shares of Imperial Oil from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 3rd. Royal Bank Of Canada upped their price objective on shares of Imperial Oil from $108.00 to $115.00 and gave the stock a “sector perform” rating in a report on Thursday, September 25th. Cibc World Mkts lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Tudor Pickering lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Finally, Wolfe Research lowered shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $115.00.

Imperial Oil Stock Up 2.1%

Shares of Imperial Oil stock opened at $89.93 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.34. The company has a 50-day moving average of $89.22 and a 200 day moving average of $80.18. The firm has a market cap of $44.68 billion, a price-to-earnings ratio of 13.86 and a beta of 0.83. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $96.09.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Thursday, September 4th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, September 4th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.52. Imperial Oil’s dividend payout ratio (DPR) is 31.87%.

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.