Imperial Oil Limited (NYSEAMERICAN:IMO) Stock Holdings Trimmed by GQG Partners LLC

GQG Partners LLC lessened its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 62.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 610,594 shares of the energy company’s stock after selling 997,564 shares during the period. GQG Partners LLC’s holdings in Imperial Oil were worth $37,611,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Imperial Oil by 3.7% during the third quarter. FMR LLC now owns 36,933,627 shares of the energy company’s stock worth $2,598,604,000 after purchasing an additional 1,331,235 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Imperial Oil by 8.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,420,002 shares of the energy company’s stock worth $311,175,000 after purchasing an additional 341,689 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Imperial Oil by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock worth $59,502,000 after purchasing an additional 70,357 shares during the last quarter. National Bank of Canada FI boosted its position in Imperial Oil by 13.3% during the 3rd quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock valued at $52,885,000 after purchasing an additional 87,914 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Imperial Oil by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 548,554 shares of the energy company’s stock worth $38,630,000 after buying an additional 16,555 shares during the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Up 2.2 %

Shares of NYSEAMERICAN IMO opened at $72.79 on Tuesday. The company has a market capitalization of $37.05 billion, a PE ratio of 11.05 and a beta of 1.44. The company’s 50-day moving average is $68.66. Imperial Oil Limited has a fifty-two week low of $60.95 and a fifty-two week high of $80.17. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 2.73%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil’s payout ratio is 25.80%.

Analysts Set New Price Targets

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

Imperial Oil 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.