Sequoia Financial Advisors LLC Purchases 163 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Sequoia Financial Advisors LLC boosted its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,916 shares of the energy company’s stock after purchasing an additional 163 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Imperial Oil were worth $241,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IMO. Winch Advisory Services LLC bought a new stake in Imperial Oil in the 4th quarter valued at $26,000. BNP Paribas Financial Markets acquired a new position in Imperial Oil in the 3rd quarter valued at $28,000. Wingate Wealth Advisors Inc. acquired a new position in Imperial Oil in the 4th quarter valued at $41,000. Allworth Financial LP raised its holdings in Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock valued at $100,000 after acquiring an additional 283 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Imperial Oil in the 3rd quarter valued at $137,000. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Performance

Imperial Oil stock opened at $70.32 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. Imperial Oil Limited has a 52 week low of $60.95 and a 52 week high of $80.17. The firm has a market cap of $35.80 billion, a PE ratio of 10.67 and a beta of 1.44. The stock’s fifty day simple moving average is $68.06.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.83%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s payout ratio is 25.80%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IMO. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $109.00.

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.