Barclays PLC Purchases 617 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Barclays PLC increased its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMOFree Report) (TSE:IMO) by 27.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,838 shares of the energy company’s stock after purchasing an additional 617 shares during the quarter. Barclays PLC’s holdings in Imperial Oil were worth $200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in Imperial Oil during the third quarter worth about $28,000. Grove Bank & Trust raised its stake in Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after acquiring an additional 438 shares in the last quarter. Allworth Financial LP increased its stake in shares of 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 buying an additional 234 shares during the period. Oakworth Capital Inc. acquired a new position in shares of Imperial Oil in the third quarter valued at approximately $101,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Imperial Oil by 43.8% in the second quarter. Cubist Systematic Strategies LLC now owns 2,300 shares of the energy company’s stock valued at $157,000 after buying an additional 700 shares during the period. Institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on IMO shares. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Scotiabank reissued a “sector perform” rating and set a $110.00 target price on shares of Imperial Oil in a research report on Wednesday, September 25th. Finally, Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.00.

View Our Latest Report on Imperial Oil

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $70.40 on Wednesday. The firm has a market capitalization of $35.84 billion, a P/E ratio of 10.49 and a beta of 1.45. Imperial Oil Limited has a 12 month low of $54.74 and a 12 month high of $80.17. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd were given a $0.4304 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s payout ratio is currently 25.34%.

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.

Further Reading

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

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