Wealth Architects LLC Trims Stock Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Wealth Architects LLC lessened its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,999 shares of the energy company’s stock after selling 241 shares during the period. Wealth Architects LLC’s holdings in Imperial Oil were worth $308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC lifted its stake in shares of Imperial Oil by 2.0% during the fourth quarter. Signaturefd LLC now owns 7,648 shares of the energy company’s stock valued at $471,000 after buying an additional 150 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Imperial Oil by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company’s stock valued at $241,000 after buying an additional 163 shares during the period. Gold Investment Management Ltd. lifted its stake in shares of Imperial Oil by 0.7% during the fourth quarter. Gold Investment Management Ltd. now owns 27,904 shares of the energy company’s stock valued at $1,719,000 after buying an additional 186 shares during the period. OLD National Bancorp IN lifted its stake in shares of Imperial Oil by 5.0% during the fourth quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock valued at $241,000 after buying an additional 187 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Imperial Oil by 21.0% during the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock valued at $100,000 after buying an additional 283 shares during the period. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Trading Up 1.9 %

Shares of IMO stock opened at $67.90 on Monday. The stock has a market capitalization of $34.56 billion, a P/E ratio of 10.30 and a beta of 1.44. The company has a fifty day moving average price of $67.66. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a twelve month low of $60.95 and a twelve month high of $80.17.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.4972 per share. This represents a $1.99 dividend on an annualized basis and a yield of 2.93%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil’s dividend payout ratio is 25.80%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IMO. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Wolfe Research lowered shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.