Winch Advisory Services LLC Takes $26,000 Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Winch Advisory Services LLC purchased a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 417 shares of the energy company’s stock, valued at approximately $26,000.

Several other large investors have also recently made changes to their positions in IMO. BNP Paribas Financial Markets acquired a new position in shares of Imperial Oil during the third quarter valued at about $28,000. Grove Bank & Trust boosted its position in Imperial Oil by 438.0% in the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after purchasing an additional 438 shares in the last quarter. Allworth Financial LP grew its position in 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 buying an additional 234 shares during the period. Oakworth Capital Inc. purchased a new position in Imperial Oil in the third quarter valued at $101,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Imperial Oil in the third quarter worth about $137,000. 20.74% of the stock is owned by institutional investors.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $68.30 on Thursday. Imperial Oil Limited has a 52 week low of $54.58 and a 52 week high of $80.17. The firm has a market capitalization of $35.01 billion, a price-to-earnings ratio of 9.96 and a beta of 1.45. 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 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd were issued a $0.4304 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.72 annualized dividend and a yield of 2.52%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.34%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Scotiabank restated a “sector perform” rating and issued a $110.00 price objective on shares of Imperial Oil in a research report on Wednesday, September 25th. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.