O Shaughnessy Asset Management LLC Sells 1,434 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

O Shaughnessy Asset Management LLC trimmed its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,094 shares of the energy company’s stock after selling 1,434 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Imperial Oil were worth $11,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc. raised its stake in shares of Imperial Oil by 2.2% in the 4th quarter. TD Asset Management Inc. now owns 4,825,945 shares of the energy company’s stock valued at $297,268,000 after buying an additional 105,970 shares in the last quarter. JPMorgan Chase & Co. raised its position in Imperial Oil by 29.0% in the fourth quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company’s stock worth $58,212,000 after purchasing an additional 212,707 shares in the last quarter. Geode Capital Management LLC lifted its stake in Imperial Oil by 9.1% during the third quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock worth $59,502,000 after purchasing an additional 70,357 shares during the period. National Bank of Canada FI boosted its holdings in Imperial Oil by 13.3% during the third quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock valued at $52,885,000 after purchasing an additional 87,914 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Imperial Oil by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 548,554 shares of the energy company’s stock valued at $38,630,000 after purchasing an additional 16,555 shares during the period. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Performance

Shares of IMO stock opened at $72.32 on Tuesday. Imperial Oil Limited has a 52 week low of $60.95 and a 52 week high of $80.17. The company has a market capitalization of $36.81 billion, a PE ratio of 10.97 and a beta of 1.44. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $69.41.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be paid a $0.4972 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.75%. Imperial Oil’s payout ratio is currently 25.80%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lowered shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $109.00.

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.