Imperial Oil Limited $IMO Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. increased its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,243,738 shares of the energy company’s stock after purchasing an additional 96,694 shares during the quarter. Cibc World Market Inc.’s holdings in Imperial Oil were worth $107,459,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC lifted its holdings in Imperial Oil by 87.8% in the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after acquiring an additional 137 shares during the period. Westside Investment Management Inc. lifted its holdings in Imperial Oil by 100.0% in the third quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after acquiring an additional 213 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Imperial Oil by 64.8% in the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after acquiring an additional 169 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Imperial Oil by 737.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after acquiring an additional 450 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in Imperial Oil in the third quarter valued at approximately $54,000. 20.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IMO. Zacks Research raised Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Royal Bank Of Canada downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price target for the company. in a report on Monday, February 23rd. Finally, TD Securities reissued a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $116.00.

Imperial Oil Stock Up 1.5%

Imperial Oil stock opened at $126.27 on Thursday. The stock has a market capitalization of $61.06 billion, a PE ratio of 29.78 and a beta of 0.43. Imperial Oil Limited has a 12 month low of $70.99 and a 12 month high of $139.44. The business has a 50 day simple moving average of $128.82 and a 200-day simple moving average of $112.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.02.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 4th will be given a $0.87 dividend. The ex-dividend date is Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. Imperial Oil’s payout ratio is 38.69%.

Imperial Oil Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.