Jupiter Asset Management Ltd. Has $694,000 Position in Imperial Oil Limited $IMO

Jupiter Asset Management Ltd. cut its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 85.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,656 shares of the energy company’s stock after selling 46,032 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Imperial Oil were worth $694,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MAI Capital Management increased its position 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 during the last quarter. Westside Investment Management Inc. grew its stake in Imperial Oil by 100.0% in the third quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after purchasing an additional 213 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Imperial Oil by 64.8% in the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after purchasing an additional 169 shares in the last quarter. Tacita Capital Inc increased its position in shares of Imperial Oil by 66.8% during the 3rd quarter. Tacita Capital Inc now owns 934 shares of the energy company’s stock worth $85,000 after purchasing an additional 374 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Imperial Oil during the 3rd quarter worth approximately $123,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Raymond James Financial cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Tuesday, November 4th. BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating in a research report on Monday, December 15th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Imperial Oil in a report on Wednesday, November 5th. Six investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Imperial Oil currently has a consensus rating of “Reduce” and an average target price of $115.00.

Imperial Oil Trading Down 1.5%

IMO stock opened at $120.69 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.94. The company has a fifty day moving average price of $99.04 and a two-hundred day moving average price of $93.77. Imperial Oil Limited has a one year low of $58.76 and a one year high of $123.52. The stock has a market cap of $58.36 billion, a price-to-earnings ratio of 26.35 and a beta of 0.70.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 5th will be paid a $0.87 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, March 5th. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Imperial Oil’s dividend payout ratio (DPR) is currently 31.26%.

Imperial Oil Company 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.