Aviso Financial Inc. Sells 4,416 Shares of Imperial Oil Limited $IMO

Aviso Financial Inc. lessened its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 27.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,728 shares of the energy company’s stock after selling 4,416 shares during the quarter. Aviso Financial Inc.’s holdings in Imperial Oil were worth $932,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. IMG Wealth Management Inc. bought a new position in shares of Imperial Oil during the 2nd quarter worth approximately $28,000. MAI Capital Management grew its holdings in shares of Imperial Oil by 2,275.0% in the second quarter. MAI Capital Management now owns 380 shares of the energy company’s stock valued at $30,000 after acquiring an additional 364 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Imperial Oil by 88.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock valued at $39,000 after acquiring an additional 255 shares during the last quarter. Banque Transatlantique SA bought a new stake in Imperial Oil during the first quarter worth $87,000. Finally, Focus Partners Wealth bought a new stake in Imperial Oil during the first quarter worth $200,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Price Performance

Shares of Imperial Oil stock opened at $97.71 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $48.55 billion, a PE ratio of 15.06 and a beta of 0.83. The business’s 50-day moving average price is $91.92 and its 200-day moving average price is $85.10. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $101.01.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.88 annualized dividend and a yield of 2.9%. Imperial Oil’s dividend payout ratio is presently 31.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a report on Tuesday, November 4th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th. Zacks Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Cibc World Mkts cut Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Imperial Oil in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $115.00.

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.