Orion Portfolio Solutions LLC Cuts Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Orion Portfolio Solutions LLC lessened its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMOFree Report) (TSE:IMO) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,534 shares of the energy company’s stock after selling 602 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Imperial Oil were worth $835,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in shares of Imperial Oil by 52.6% during the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock worth $30,000 after acquiring an additional 180 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Imperial Oil by 3.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,313 shares of the energy company’s stock worth $635,000 after buying an additional 324 shares during the last quarter. Clarius Group LLC grew its stake in Imperial Oil by 6.0% during the 4th quarter. Clarius Group LLC now owns 7,104 shares of the energy company’s stock worth $406,000 after buying an additional 402 shares during the last quarter. Natixis Advisors L.P. grew its stake in Imperial Oil by 3.3% during the 4th quarter. Natixis Advisors L.P. now owns 12,894 shares of the energy company’s stock worth $737,000 after buying an additional 409 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in Imperial Oil by 8.6% during the 4th quarter. CoreCap Advisors LLC now owns 5,322 shares of the energy company’s stock worth $304,000 after buying an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on IMO shares. StockNews.com upgraded Imperial Oil from a “hold” rating to a “buy” rating in a research note on Sunday, May 5th. Raymond James upgraded Imperial Oil to a “hold” rating in a research note on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.33.

Check Out Our Latest Report on IMO

Imperial Oil Price Performance

Shares of IMO stock opened at $65.13 on Wednesday. The stock has a market capitalization of $34.90 billion, a PE ratio of 10.21 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 52-week low of $47.15 and a 52-week high of $74.58.

Imperial Oil (NYSEAMERICAN:IMOGet Free Report) (TSE:IMO) last released its quarterly earnings results on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.10. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. As a group, sell-side analysts expect that Imperial Oil Limited will post 6.21 EPS for the current year.

Imperial Oil Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.4377 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.69%. Imperial Oil’s payout ratio is currently 27.74%.

Imperial Oil Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

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