Northwest & Ethical Investments L.P. Grows Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Northwest & Ethical Investments L.P. boosted its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 1.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 207,893 shares of the energy company’s stock after buying an additional 2,065 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Imperial Oil were worth $14,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IMO. Manning & Napier Advisors LLC purchased a new position in shares of Imperial Oil in the 2nd quarter worth $3,064,000. Fiera Capital Corp increased its stake in Imperial Oil by 262.5% during the second quarter. Fiera Capital Corp now owns 95,455 shares of the energy company’s stock worth $6,511,000 after acquiring an additional 69,121 shares during the last quarter. Ritholtz Wealth Management raised its position in Imperial Oil by 17.4% during the third quarter. Ritholtz Wealth Management now owns 59,726 shares of the energy company’s stock valued at $4,208,000 after purchasing an additional 8,858 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Imperial Oil by 855.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 35,981 shares of the energy company’s stock valued at $2,534,000 after purchasing an additional 32,214 shares during the last quarter. Finally, M&G Plc purchased a new position in shares of Imperial Oil in the 2nd quarter worth approximately $627,000. 20.74% of the stock is owned by institutional investors.

Imperial Oil Stock Performance

Shares of IMO stock traded down $0.44 on Thursday, hitting $73.20. The company had a trading volume of 317,120 shares, compared to its average volume of 395,139. Imperial Oil Limited has a twelve month low of $52.97 and a twelve month high of $80.17. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. The stock has a market cap of $37.91 billion, a PE ratio of 10.91 and a beta of 1.44.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.4304 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 2.35%. Imperial Oil’s dividend payout ratio is currently 26.53%.

Wall Street Analyst Weigh In

Several research analysts have commented on IMO shares. Scotiabank reaffirmed a “sector perform” rating and set a $110.00 price objective on shares of Imperial Oil in a research note on Wednesday, September 25th. StockNews.com downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.