Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Guinness Asset Management LTD

Guinness Asset Management LTD trimmed its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 22.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,466 shares of the energy company’s stock after selling 46,642 shares during the period. Guinness Asset Management LTD’s holdings in Imperial Oil were worth $10,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Winch Advisory Services LLC acquired a new position in Imperial Oil during the 4th quarter worth $26,000. Burney Co. raised its stake in shares of Imperial Oil by 5.9% during the fourth quarter. Burney Co. now owns 33,432 shares of the energy company’s stock valued at $2,059,000 after purchasing an additional 1,872 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in Imperial Oil by 39.8% in the fourth quarter. Aprio Wealth Management LLC now owns 4,133 shares of the energy company’s stock worth $255,000 after purchasing an additional 1,176 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Imperial Oil by 22.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,461 shares of the energy company’s stock valued at $583,000 after buying an additional 1,753 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its stake in Imperial Oil by 30.6% during the 4th quarter. CWA Asset Management Group LLC now owns 17,579 shares of the energy company’s stock valued at $1,083,000 after buying an additional 4,119 shares during the period. Institutional investors own 20.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently 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. Scotiabank restated a “sector perform” rating and issued a $110.00 target price on shares of Imperial Oil in a research report on Wednesday, September 25th. Finally, Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Stock Down 0.3 %

Shares of IMO opened at $68.42 on Monday. Imperial Oil Limited has a 12-month low of $54.74 and a 12-month high of $80.17. The company has a market capitalization of $35.07 billion, a PE ratio of 9.96 and a beta of 1.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd were issued a $0.4304 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.52%. Imperial Oil’s dividend payout ratio is currently 25.34%.

About Imperial Oil

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.