Imperial Oil Limited (NYSEAMERICAN:IMO) Stake Lifted by TD Asset Management Inc.

TD Asset Management Inc. lifted its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,825,945 shares of the energy company’s stock after acquiring an additional 105,970 shares during the quarter. TD Asset Management Inc. owned about 0.95% of Imperial Oil worth $297,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new stake in Imperial Oil in the 4th quarter valued at about $26,000. BNP Paribas Financial Markets acquired a new stake in Imperial Oil during the third quarter valued at approximately $28,000. Wingate Wealth Advisors Inc. bought a new stake in Imperial Oil during the fourth quarter worth approximately $41,000. Allworth Financial LP grew its position in Imperial Oil by 21.0% in the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after buying an additional 283 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Imperial Oil in the third quarter valued at $137,000. Institutional investors own 20.74% of the company’s stock.

Analyst Ratings Changes

IMO has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, Imperial Oil has an average rating of “Hold” and an average target price of $109.00.

Imperial Oil Stock Performance

NYSEAMERICAN IMO opened at $72.79 on Tuesday. The business’s 50 day moving average price is $68.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. Imperial Oil Limited has a twelve month low of $60.95 and a twelve month high of $80.17. The stock has a market cap of $37.05 billion, a PE ratio of 11.05 and a beta of 1.44.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. 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. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.73%. Imperial Oil’s payout ratio is currently 25.80%.

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.