NewEdge Wealth LLC Has $1.67 Million Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

NewEdge Wealth LLC boosted its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 67.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,218 shares of the energy company’s stock after buying an additional 11,717 shares during the period. NewEdge Wealth LLC’s holdings in Imperial Oil were worth $1,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in IMO. FMR LLC increased its stake in shares of Imperial Oil by 3.6% in the third quarter. FMR LLC now owns 28,557,885 shares of the energy company’s stock valued at $1,758,993,000 after buying an additional 1,001,847 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Imperial Oil by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,069,354 shares of the energy company’s stock valued at $341,591,000 after purchasing an additional 109,916 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Imperial Oil by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 3,371,517 shares of the energy company’s stock valued at $209,148,000 after acquiring an additional 1,801,671 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Imperial Oil by 27.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,737,291 shares of the energy company’s stock valued at $168,591,000 after acquiring an additional 589,017 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Imperial Oil by 91.7% during the fourth quarter. Morgan Stanley now owns 2,557,092 shares of the energy company’s stock valued at $124,633,000 after acquiring an additional 1,223,456 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Price Performance

NYSEAMERICAN:IMO opened at $69.93 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.96. Imperial Oil Limited has a 1 year low of $44.46 and a 1 year high of $74.58. The firm has a market capitalization of $37.47 billion, a price-to-earnings ratio of 11.08 and a beta of 1.48.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, February 2nd. The energy company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.26. The company had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $12.29 billion. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. On average, equities analysts predict that Imperial Oil Limited will post 6.07 EPS for the current year.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.4473 per share. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.79 annualized dividend and a yield of 2.56%. Imperial Oil’s dividend payout ratio (DPR) is currently 28.05%.

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.