Imperial Oil Limited $IMO Position Increased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd grew its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 88.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,253 shares of the energy company’s stock after buying an additional 17,011 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Imperial Oil were worth $3,290,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in IMO. AQR Capital Management LLC lifted its position in shares of Imperial Oil by 5.0% in the 1st quarter. AQR Capital Management LLC now owns 34,218 shares of the energy company’s stock valued at $2,475,000 after acquiring an additional 1,627 shares in the last quarter. NewEdge Advisors LLC grew its position in Imperial Oil by 54.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,887 shares of the energy company’s stock worth $860,000 after purchasing an additional 4,201 shares in the last quarter. Focus Partners Wealth acquired a new stake in Imperial Oil during the 1st quarter valued at $200,000. SG Americas Securities LLC acquired a new stake in Imperial Oil during the 2nd quarter valued at $592,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Imperial Oil by 6.8% in the second quarter. Cetera Investment Advisers now owns 4,569 shares of the energy company’s stock valued at $363,000 after purchasing an additional 291 shares in the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Imperial Oil Stock Performance

Shares of IMO opened at $126.61 on Monday. The company’s fifty day moving average is $112.51 and its 200-day moving average is $98.58. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $129.84. The firm has a market cap of $61.23 billion, a price-to-earnings ratio of 27.64 and a beta of 0.66. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.18.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 5th will be given a $0.87 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.72. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 5th. Imperial Oil’s payout ratio is presently 38.69%.

Analyst Ratings Changes

Several brokerages have recently commented on IMO. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research report on Monday, February 23rd. Royal Bank Of Canada downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research note on Monday, February 23rd. Raymond James Financial lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Finally, BMO Capital Markets cut Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Monday, December 15th. Four investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Sell” and a consensus price target of $116.00.

Imperial Oil Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.