Imperial Oil Limited $IMO Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lowered its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 35.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,507 shares of the energy company’s stock after selling 79,367 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Imperial Oil were worth $13,009,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IMO. MAI Capital Management lifted its stake in Imperial Oil by 2,275.0% during the second quarter. MAI Capital Management now owns 380 shares of the energy company’s stock worth $30,000 after purchasing an additional 364 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of Imperial Oil by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after acquiring an additional 213 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Imperial Oil by 64.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock worth $40,000 after purchasing an additional 169 shares during the last quarter. Tacita Capital Inc raised its position in shares of Imperial Oil by 66.8% in the third quarter. Tacita Capital Inc now owns 934 shares of the energy company’s stock valued at $85,000 after buying an additional 374 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Imperial Oil in the 3rd quarter worth about $123,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Imperial Oil Trading Up 0.4%

NYSEAMERICAN IMO opened at $119.31 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.18. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $123.52. The stock has a 50-day simple moving average of $103.52 and a 200 day simple moving average of $95.43. The company has a market capitalization of $57.70 billion, a PE ratio of 26.05 and a beta of 0.66.

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 given a $0.87 dividend. The ex-dividend date is Thursday, March 5th. 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 2.9%. Imperial Oil’s dividend payout ratio (DPR) is 31.26%.

About Imperial Oil

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.