Franklin Resources Inc. lowered its position in Imperial Oil Limited (NYSEAMERICAN:IMO – Get Rating) (TSE:IMO) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,589 shares of the energy company’s stock after selling 13,629 shares during the period. Franklin Resources Inc.’s holdings in Imperial Oil were worth $8,017,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in IMO. BNP Paribas Arbitrage SNC bought a new position in Imperial Oil during the 3rd quarter valued at approximately $35,000. Baldwin Brothers LLC MA bought a new position in Imperial Oil during the 4th quarter valued at approximately $44,000. CWM LLC increased its position in Imperial Oil by 93.3% during the 4th quarter. CWM LLC now owns 978 shares of the energy company’s stock valued at $48,000 after buying an additional 472 shares in the last quarter. Signaturefd LLC increased its position in Imperial Oil by 12.6% during the 3rd quarter. Signaturefd LLC now owns 3,874 shares of the energy company’s stock valued at $168,000 after buying an additional 433 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Imperial Oil by 1,406.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,443 shares of the energy company’s stock valued at $194,000 after buying an additional 4,148 shares in the last quarter. Institutional investors own 20.18% of the company’s stock.
Imperial Oil Price Performance
Shares of Imperial Oil stock opened at $46.59 on Friday. Imperial Oil Limited has a one year low of $39.95 and a one year high of $58.99. The stock’s fifty day moving average is $48.95 and its 200 day moving average is $50.76. The stock has a market cap of $27.22 billion, a P/E ratio of 5.19, a P/E/G ratio of 0.29 and a beta of 1.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.15 and a current ratio of 1.41.
Imperial Oil Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 1st. Shareholders of record on Friday, June 2nd will be issued a dividend of $0.3674 per share. The ex-dividend date of this dividend is Thursday, June 1st. This is a boost from Imperial Oil’s previous quarterly dividend of $0.33. This represents a $1.47 dividend on an annualized basis and a yield of 3.15%. Imperial Oil’s dividend payout ratio (DPR) is currently 14.32%.
Analyst Ratings Changes
Several analysts have commented on IMO shares. Scotiabank upgraded Imperial Oil from a “sector perform” rating to a “sector outperform” rating in a research note on Tuesday, March 21st. StockNews.com started coverage on Imperial Oil in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $82.00 to $78.00 in a research note on Wednesday, April 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.00.
Imperial Oil Company Profile
Imperial Oil Ltd. engages in the exploration, production, and sale of crude oil and natural gas. It operates through the following business segments: Upstream, Downstream, Chemical, and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen.
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