Stephens Inc. AR Buys 1,196 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Stephens Inc. AR increased its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 9.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,521 shares of the energy company’s stock after acquiring an additional 1,196 shares during the period. Stephens Inc. AR’s holdings in Imperial Oil were worth $1,023,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IMO. Manning & Napier Advisors LLC acquired a new position in shares of Imperial Oil during the 2nd quarter worth about $3,064,000. US Bancorp DE increased its position in Imperial Oil by 91.6% during the first quarter. US Bancorp DE now owns 20,210 shares of the energy company’s stock worth $1,397,000 after buying an additional 9,660 shares during the last quarter. Intech Investment Management LLC bought a new stake in Imperial Oil in the first quarter valued at approximately $720,000. Fiera Capital Corp lifted its position in shares of Imperial Oil by 262.5% in the second quarter. Fiera Capital Corp now owns 95,455 shares of the energy company’s stock valued at $6,511,000 after buying an additional 69,121 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Imperial Oil by 1,250.9% during the 1st quarter. Bessemer Group Inc. now owns 7,849 shares of the energy company’s stock worth $542,000 after acquiring an additional 7,268 shares during the period. 20.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IMO. Scotiabank restated a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a research note on Wednesday, September 25th. Wolfe Research assumed coverage on shares of Imperial Oil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $108.00 price objective on the stock. Finally, StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Imperial Oil presently has an average rating of “Hold” and a consensus price target of $101.00.

Imperial Oil Trading Down 0.3 %

IMO stock opened at $70.57 on Wednesday. The firm has a market cap of $37.29 billion, a price-to-earnings ratio of 10.52 and a beta of 1.44. Imperial Oil Limited has a fifty-two week low of $52.97 and a fifty-two week high of $80.17. The company has a current ratio of 1.40, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be paid a $0.4304 dividend. This represents a $1.72 annualized dividend and a yield of 2.44%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is 26.53%.

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.