Fiera Capital Corp Trims Stock Position in Imperial Oil Limited $IMO

Fiera Capital Corp lessened its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 11.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 418,787 shares of the energy company’s stock after selling 55,345 shares during the quarter. Fiera Capital Corp’s holdings in Imperial Oil were worth $36,193,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Imperial Oil by 5.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,599 shares of the energy company’s stock worth $236,000 after buying an additional 127 shares during the last quarter. Root Financial Partners LLC raised its position in Imperial Oil by 87.8% in the 4th quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after purchasing an additional 137 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Imperial Oil by 64.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after purchasing an additional 169 shares during the last quarter. NewEdge Advisors LLC raised its position in Imperial Oil by 1.5% in the 2nd quarter. NewEdge Advisors LLC now owns 12,071 shares of the energy company’s stock valued at $959,000 after purchasing an additional 184 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its position in Imperial Oil by 2.9% in the 4th quarter. Kathmere Capital Management LLC now owns 6,563 shares of the energy company’s stock valued at $566,000 after purchasing an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $122.55 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a fifty-two week low of $73.19 and a fifty-two week high of $139.44. The stock has a market cap of $59.26 billion, a PE ratio of 28.90 and a beta of 0.43. The firm’s fifty day simple moving average is $128.50 and its 200-day simple moving average is $112.79.

Imperial Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. Imperial Oil’s dividend payout ratio is 38.24%.

Analysts Set New Price Targets

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

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.