Ontario Teachers Pension Plan Board Has $1.55 Million Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Ontario Teachers Pension Plan Board reduced its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,096 shares of the energy company’s stock after selling 2,230 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Imperial Oil were worth $1,545,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Winch Advisory Services LLC acquired a new stake in Imperial Oil in the 4th 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. acquired a new stake in shares of Imperial Oil in the 4th quarter valued at $41,000. Allworth Financial LP grew its holdings in shares of Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after purchasing an additional 283 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Imperial Oil during the 3rd quarter worth about $137,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Down 2.0 %

NYSEAMERICAN IMO opened at $60.95 on Wednesday. The stock has a market capitalization of $31.03 billion, a P/E ratio of 9.25 and a beta of 1.44. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week 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 stock has a fifty day moving average of $68.04 and a 200-day moving average of $69.93.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th were 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 yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 5th. Imperial Oil’s payout ratio is currently 25.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IMO shares. The Goldman Sachs Group lowered shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. downgraded Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. Raymond James raised Imperial Oil from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 9th. Scotiabank raised Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th. Finally, Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Imperial Oil has a consensus rating of “Hold” and a consensus price target of $106.33.

Imperial Oil Company 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.