Northwest & Ethical Investments L.P. Increases Stock Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Northwest & Ethical Investments L.P. increased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 207,893 shares of the energy company’s stock after acquiring an additional 2,065 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Imperial Oil were worth $14,627,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its position in Imperial Oil by 3.7% in the third quarter. FMR LLC now owns 36,933,627 shares of the energy company’s stock worth $2,598,604,000 after buying an additional 1,331,235 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Imperial Oil by 8.4% during the third quarter. The Manufacturers Life Insurance Company now owns 4,420,002 shares of the energy company’s stock valued at $311,175,000 after buying an additional 341,689 shares during the period. TD Asset Management Inc lifted its holdings in shares of Imperial Oil by 12.2% in the second quarter. TD Asset Management Inc now owns 3,796,660 shares of the energy company’s stock worth $258,817,000 after buying an additional 412,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Imperial Oil by 9.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,107,250 shares of the energy company’s stock valued at $148,235,000 after acquiring an additional 187,158 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Imperial Oil by 10,896.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 867,174 shares of the energy company’s stock valued at $59,135,000 after acquiring an additional 859,288 shares in the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on IMO. StockNews.com lowered Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Scotiabank reiterated a “sector perform” rating and issued a $110.00 target price on shares of Imperial Oil in a research report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Imperial Oil has a consensus rating of “Hold” and an average target price of $109.00.

Imperial Oil Stock Down 0.6 %

NYSEAMERICAN:IMO traded down $0.44 during mid-day trading on Thursday, reaching $73.20. 317,120 shares of the company’s stock traded hands, compared to its average volume of 395,139. The company has a market cap of $37.91 billion, a PE ratio of 10.91 and a beta of 1.44. Imperial Oil Limited has a 12-month low of $52.97 and a 12-month high of $80.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be given a dividend of $0.4304 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 2.35%. Imperial Oil’s dividend payout ratio (DPR) is currently 26.53%.

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.