Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc lowered its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 70.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500 shares of the energy company’s stock after selling 1,200 shares during the quarter. Sawyer & Company Inc’s holdings in Imperial Oil were worth $31,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IMO. BNP Paribas Financial Markets purchased a new stake in Imperial Oil during the 3rd quarter valued at about $28,000. Grove Bank & Trust lifted its stake 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 boosted its holdings in shares of Imperial Oil by 21.0% during the 3rd quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after purchasing an additional 234 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Imperial Oil in the third quarter valued at approximately $101,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Imperial Oil in the third quarter valued at approximately $137,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Scotiabank restated a “sector perform” rating and set a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. Finally, Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Imperial Oil has a consensus rating of “Hold” and an average price target of $109.00.

Imperial Oil Price Performance

IMO opened at $68.30 on Thursday. 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 Limited has a 12 month low of $54.58 and a 12 month high of $80.17. The firm has a market cap of $35.01 billion, a P/E ratio of 9.96 and a beta of 1.45.

Imperial Oil Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd were paid a dividend of $0.4304 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.52%. Imperial Oil’s payout ratio is currently 25.34%.

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.