Winch Advisory Services LLC Purchases New Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Winch Advisory Services LLC acquired a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 417 shares of the energy company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also made changes to their positions in IMO. BNP Paribas Financial Markets purchased a new stake in Imperial Oil in the 3rd quarter valued at $28,000. Grove Bank & Trust grew its position in Imperial Oil by 438.0% during the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after purchasing an additional 438 shares during the last quarter. Allworth Financial LP increased its stake in 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 purchasing an additional 234 shares during the period. Oakworth Capital Inc. purchased a new stake in shares of Imperial Oil in the third quarter valued at about $101,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Imperial Oil during the third quarter worth about $137,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $68.30 on Thursday. 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 stock has a market cap of $35.01 billion, a P/E ratio of 9.96 and a beta of 1.45. Imperial Oil Limited has a 52-week low of $54.58 and a 52-week high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd were issued a $0.4304 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.52%. Imperial Oil’s dividend payout ratio is currently 25.34%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IMO. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, Imperial Oil presently has a consensus rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Company Profile

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.