Guardian Partners Inc. Acquires New Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Guardian Partners Inc. acquired a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 164,432 shares of the energy company’s stock, valued at approximately $10,890,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Winch Advisory Services LLC bought a new position in shares of Imperial Oil during the fourth quarter valued at $26,000. BNP Paribas Financial Markets bought a new position in shares of Imperial Oil during the third quarter valued at $28,000. Wingate Wealth Advisors Inc. bought a new position in shares of Imperial Oil during the fourth quarter valued at $41,000. Allworth Financial LP raised its stake in shares of 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 acquiring an additional 283 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Imperial Oil during the third quarter valued at $137,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Down 0.1 %

IMO opened at $71.21 on Friday. Imperial Oil Limited has a twelve month low of $60.95 and a twelve month high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. The business’s fifty day moving average price is $68.46. The firm has a market capitalization of $36.25 billion, a PE ratio of 10.81 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.4972 per share. The ex-dividend date of this dividend is Wednesday, March 5th. 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 2.79%. Imperial Oil’s dividend payout ratio is 25.80%.

Analysts Set New Price Targets

Several research firms have recently issued reports on IMO. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Wolfe Research cut shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One investment 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 has a consensus rating of “Hold” and a consensus target price of $109.00.

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.