Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Allworth Financial LP

Allworth Financial LP boosted its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 21.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,630 shares of the energy company’s stock after purchasing an additional 283 shares during the quarter. Allworth Financial LP’s holdings in Imperial Oil were worth $100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IMO. Sequoia Financial Advisors LLC lifted its position in shares of Imperial Oil by 5.0% in the third quarter. Sequoia Financial Advisors LLC now owns 3,753 shares of the energy company’s stock valued at $265,000 after acquiring an additional 178 shares in the last quarter. OLD National Bancorp IN lifted its holdings in Imperial Oil by 5.0% in the 4th quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock valued at $241,000 after purchasing an additional 187 shares in the last quarter. Ballentine Partners LLC boosted its stake in Imperial Oil by 8.0% during the 4th quarter. Ballentine Partners LLC now owns 3,900 shares of the energy company’s stock worth $240,000 after purchasing an additional 288 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Imperial Oil in the third quarter worth about $28,000. Finally, Integrated Wealth Concepts LLC grew its stake in Imperial Oil by 4.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,640 shares of the energy company’s stock valued at $679,000 after acquiring an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

Shares of IMO stock opened at $68.97 on Tuesday. Imperial Oil Limited has a one year low of $60.95 and a one year high of $80.17. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $35.11 billion, a PE ratio of 10.47 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be paid a dividend of $0.4972 per share. 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 annualized dividend and a yield of 2.88%. Imperial Oil’s dividend payout ratio is presently 25.80%.

Wall Street Analysts Forecast Growth

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

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.