Imperial Oil Limited (NYSEAMERICAN:IMO) Position Decreased by Olympiad Research LP

Olympiad Research LP cut its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 38.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,405 shares of the energy company’s stock after selling 2,107 shares during the quarter. Olympiad Research LP’s holdings in Imperial Oil were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in Imperial Oil by 21.0% during the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock valued at $100,000 after buying an additional 283 shares in the last quarter. Blue Trust Inc. lifted its stake in Imperial Oil by 7.3% during the fourth quarter. Blue Trust Inc. now owns 10,468 shares of the energy company’s stock valued at $645,000 after buying an additional 712 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Imperial Oil during the fourth quarter valued at about $41,000. Caprock Group LLC lifted its stake in Imperial Oil by 31.9% during the fourth quarter. Caprock Group LLC now owns 15,335 shares of the energy company’s stock valued at $950,000 after buying an additional 3,709 shares in the last quarter. Finally, Mediolanum International Funds Ltd lifted its stake in Imperial Oil by 42.8% during the fourth quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company’s stock valued at $874,000 after buying an additional 4,308 shares in the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IMO shares. JPMorgan Chase & Co. lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research lowered 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 assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.00.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $69.81 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $35.54 billion, a PE ratio of 10.59 and a beta of 1.44. Imperial Oil Limited has a 52-week low of $60.38 and a 52-week high of $80.17.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be given a dividend of $0.4972 per share. This represents a $1.99 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s dividend payout ratio (DPR) is presently 25.80%.

About Imperial Oil

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.