Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 6.2% during the fourth quarter, HoldingsChannel reports. The fund owned 3,530 shares of the energy company’s stock after selling 234 shares during the period. OLD National Bancorp IN’s holdings in Imperial Oil were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IMO. AdvisorNet Financial Inc grew its stake in Imperial Oil by 52.6% during the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock worth $30,000 after buying an additional 180 shares during the last quarter. Allworth Financial LP grew its stake in Imperial Oil by 176.6% during the 3rd quarter. Allworth Financial LP now owns 888 shares of the energy company’s stock worth $55,000 after buying an additional 567 shares during the last quarter. CWM LLC grew its stake in shares of Imperial Oil by 156.8% in the 4th quarter. CWM LLC now owns 2,011 shares of the energy company’s stock valued at $115,000 after purchasing an additional 1,228 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Imperial Oil in the 3rd quarter valued at approximately $203,000. Finally, Olympiad Research LP purchased a new position in shares of Imperial Oil in the 3rd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Trading Down 0.8 %

Shares of IMO stock opened at $70.70 on Friday. Imperial Oil Limited has a twelve month low of $44.46 and a twelve month high of $74.58. The company has a market capitalization of $37.88 billion, a price-to-earnings ratio of 11.20 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 (NYSEAMERICAN:IMO) (TSE:IMO) last announced its earnings results on Friday, February 2nd. The energy company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.26. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $12.29 billion. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. On average, research analysts predict that Imperial Oil Limited will post 6.07 earnings per share for the current year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.4473 dividend. This is a boost from Imperial Oil’s previous quarterly dividend of $0.36. This represents a $1.79 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Friday, March 1st. Imperial Oil’s dividend payout ratio (DPR) is currently 28.05%.

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.