Jupiter Asset Management Ltd. Sells 230,171 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Jupiter Asset Management Ltd. trimmed its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 41.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 331,725 shares of the energy company’s stock after selling 230,171 shares during the quarter. Jupiter Asset Management Ltd. owned 0.07% of Imperial Oil worth $20,434,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IMO. Sequoia Financial Advisors LLC grew its holdings in shares of Imperial Oil by 4.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company’s stock valued at $241,000 after purchasing an additional 163 shares during the last quarter. OLD National Bancorp IN boosted its position in Imperial Oil by 5.0% in the fourth quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock valued at $241,000 after buying an additional 187 shares in the last quarter. Allworth Financial LP grew its stake in shares of Imperial Oil by 21.0% during 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. Ballentine Partners LLC increased its holdings in shares of Imperial Oil by 8.0% during the fourth quarter. Ballentine Partners LLC now owns 3,900 shares of the energy company’s stock worth $240,000 after buying an additional 288 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Imperial Oil by 1.5% in the 4th quarter. US Bancorp DE now owns 20,408 shares of the energy company’s stock valued at $1,257,000 after acquiring an additional 296 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IMO shares. JPMorgan Chase & Co. lowered Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $109.00.

Imperial Oil Stock Up 1.0 %

Shares of Imperial Oil stock opened at $67.06 on Thursday. The company has a market capitalization of $34.14 billion, a PE ratio of 10.18 and a beta of 1.44. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a twelve month low of $60.95 and a twelve month high of $80.17. The business has a fifty day simple moving average of $67.45.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.4972 per share. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.97%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. Imperial Oil’s dividend payout ratio (DPR) is 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.