Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Olympiad Research LP

Olympiad Research LP lessened its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 38.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,405 shares of the energy company’s stock after selling 2,107 shares during the period. Olympiad Research LP’s holdings in Imperial Oil were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IMO. Winch Advisory Services LLC purchased a new position in shares of Imperial Oil in the fourth quarter valued at $26,000. BNP Paribas Financial Markets acquired a new stake in Imperial Oil in the third quarter valued at $28,000. Wingate Wealth Advisors Inc. acquired a new stake in Imperial Oil in the fourth quarter valued at $41,000. Allworth Financial LP raised its holdings in Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after acquiring an additional 234 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Imperial Oil in the third quarter valued at $137,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wolfe Research cut shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Trading Down 4.4 %

Shares of IMO opened at $69.81 on Monday. The stock has a market capitalization of $35.54 billion, a P/E ratio of 10.59 and a beta of 1.44. 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 $60.38 and a 52-week high of $80.17.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be given a $0.4972 dividend. This represents a $1.99 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s dividend payout ratio is currently 25.80%.

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.