Baker Ellis Asset Management LLC Sells 3,500 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Baker Ellis Asset Management LLC lowered its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 47.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,900 shares of the energy company’s stock after selling 3,500 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Imperial Oil were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its stake in Imperial Oil by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock valued at $59,502,000 after buying an additional 70,357 shares during the last quarter. Bridgewater Associates LP grew its stake in Imperial Oil by 522.8% in the 3rd quarter. Bridgewater Associates LP now owns 201,126 shares of the energy company’s stock valued at $14,166,000 after buying an additional 168,831 shares during the last quarter. National Bank of Canada FI grew its position in Imperial Oil by 13.3% in the 3rd quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock worth $52,885,000 after purchasing an additional 87,914 shares during the last quarter. Ritholtz Wealth Management grew its position in Imperial Oil by 17.4% in the 3rd quarter. Ritholtz Wealth Management now owns 59,726 shares of the energy company’s stock worth $4,208,000 after purchasing an additional 8,858 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Imperial Oil in the 3rd quarter worth $28,000. Institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IMO. JPMorgan Chase & Co. lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research lowered shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Trading Up 0.8 %

Shares of Imperial Oil stock opened at $71.57 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a twelve month low of $54.74 and a twelve month high of $80.17. The stock has a market cap of $36.43 billion, a PE ratio of 10.67 and a beta of 1.45.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.4304 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.41%. Imperial Oil’s dividend payout ratio (DPR) is currently 25.34%.

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.