Ontario Teachers Pension Plan Board Has $1.92 Million Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Ontario Teachers Pension Plan Board decreased its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 28.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,326 shares of the energy company’s stock after selling 10,873 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Imperial Oil were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IMO. Manning & Napier Advisors LLC acquired a new stake in shares of Imperial Oil during the second quarter worth about $3,064,000. Fiera Capital Corp grew its holdings in shares of Imperial Oil by 262.5% during the second quarter. Fiera Capital Corp now owns 95,455 shares of the energy company’s stock worth $6,511,000 after buying an additional 69,121 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Imperial Oil by 1,250.9% during the first quarter. Bessemer Group Inc. now owns 7,849 shares of the energy company’s stock worth $542,000 after buying an additional 7,268 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of Imperial Oil by 17.4% during the third quarter. Ritholtz Wealth Management now owns 59,726 shares of the energy company’s stock worth $4,208,000 after buying an additional 8,858 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Imperial Oil by 855.2% during the third quarter. Assenagon Asset Management S.A. now owns 35,981 shares of the energy company’s stock worth $2,534,000 after buying an additional 32,214 shares in the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on IMO shares. Scotiabank restated a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a research note on Wednesday, September 25th. StockNews.com downgraded Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Price Performance

Shares of NYSEAMERICAN:IMO opened at $75.89 on Wednesday. Imperial Oil Limited has a 1 year low of $52.97 and a 1 year high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. The stock has a market capitalization of $39.30 billion, a PE ratio of 11.31 and a beta of 1.44.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a $0.4304 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 26.53%.

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.