662 Shares in Imperial Oil Limited (NYSEAMERICAN:IMO) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. bought a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 662 shares of the energy company’s stock, valued at approximately $41,000.

Other large investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new position in Imperial Oil in the 4th quarter worth about $26,000. BNP Paribas Financial Markets purchased a new position in shares of Imperial Oil in the third quarter worth approximately $28,000. Grove Bank & Trust increased its position in shares of Imperial Oil by 438.0% in the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after acquiring an additional 438 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Imperial Oil by 21.0% during the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after acquiring an additional 234 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in shares of Imperial Oil in the 3rd quarter valued at approximately $101,000. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Up 3.4 %

Shares of IMO opened at $71.07 on Wednesday. The company has a market cap of $36.18 billion, a P/E ratio of 10.78 and a beta of 1.44. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 52 week low of $58.02 and a 52 week high of $80.17.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, March 5th. Imperial Oil’s payout ratio is currently 25.80%.

Wall Street Analyst Weigh In

IMO has been the topic of several research analyst reports. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $109.00.

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.