Imperial Oil Limited (NYSEAMERICAN:IMO) Short Interest Up 7.4% in November

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 17,680,000 shares, an increase of 7.4% from the November 15th total of 16,460,000 shares. Based on an average daily volume of 468,900 shares, the days-to-cover ratio is presently 37.7 days. Currently, 10.1% of the shares of the company are sold short.

Analyst Ratings Changes

IMO has been the topic of a number of research reports. Scotiabank restated a “sector perform” rating and set a $110.00 price objective on shares of Imperial Oil in a research report on Wednesday, September 25th. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th.

Imperial Oil Stock Down 1.5 %

Shares of NYSEAMERICAN:IMO traded down $1.00 during midday trading on Tuesday, hitting $65.43. The company had a trading volume of 43,274 shares, compared to its average volume of 408,751. The firm has a market capitalization of $33.54 billion, a P/E ratio of 9.90 and a beta of 1.42. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. Imperial Oil has a 12 month low of $54.58 and a 12 month high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be issued a $0.4304 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.63%. Imperial Oil’s dividend payout ratio (DPR) is currently 26.38%.

Institutional Trading of Imperial Oil

Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV lifted its position in shares of Imperial Oil by 5.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,266 shares of the energy company’s stock worth $223,000 after purchasing an additional 158 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Imperial Oil by 5.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,308 shares of the energy company’s stock worth $237,000 after buying an additional 163 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Imperial Oil by 5.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,753 shares of the energy company’s stock valued at $265,000 after acquiring an additional 178 shares in the last quarter. CWM LLC increased its position in shares of Imperial Oil by 8.7% in the second quarter. CWM LLC now owns 2,319 shares of the energy company’s stock valued at $158,000 after acquiring an additional 185 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Imperial Oil by 21.0% during the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after acquiring an additional 234 shares in the last quarter. 20.74% of the stock is owned by institutional investors.

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.