Alberta Investment Management Corp lessened its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 15.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 517,207 shares of the energy company's stock after selling 98,090 shares during the period. Alberta Investment Management Corp owned about 0.10% of Imperial Oil worth $31,859,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Winch Advisory Services LLC purchased a new stake in Imperial Oil in the fourth quarter valued at $26,000. BNP Paribas Financial Markets purchased a new stake in Imperial Oil in the third quarter valued at $28,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Imperial Oil in the fourth quarter valued at about $41,000. Allworth Financial LP raised its holdings in shares of Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company's stock valued at $95,000 after buying an additional 234 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in shares of Imperial Oil in the third quarter valued at about $101,000. Institutional investors and hedge funds own 20.74% of the company's stock.
NYSEAMERICAN IMO opened at $71.09 on Wednesday. Imperial Oil Limited has a 52-week low of $58.60 and a 52-week high of $80.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23. The company has a market cap of $36.19 billion, a P/E ratio of 10.51 and a beta of 1.44.
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 issued a $0.4972 dividend. This is an increase from Imperial Oil's previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, March 5th. Imperial Oil's payout ratio is currently 25.80%.
A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered 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 equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Imperial Oil has a consensus rating of "Hold" and a consensus price target of $109.00.
Read Our Latest Analysis on 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.
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