Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Burney Co.

Burney Co. boosted its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,432 shares of the energy company’s stock after purchasing an additional 1,872 shares during the quarter. Burney Co.’s holdings in Imperial Oil were worth $2,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in Imperial Oil in the 3rd quarter valued at about $28,000. Grove Bank & Trust boosted its holdings in Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after buying an additional 438 shares in the last quarter. Allworth Financial LP grew its position in Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after buying an additional 234 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of Imperial Oil in the third quarter valued at $101,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Imperial Oil during the 3rd quarter valued at $137,000. 20.74% of the stock is owned by institutional investors.

Imperial Oil Stock Performance

IMO opened at $68.30 on Thursday. The firm has a market capitalization of $35.01 billion, a PE ratio of 10.18 and a beta of 1.42. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 12-month low of $54.58 and a 12-month high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.4304 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 2.52%. Imperial Oil’s payout ratio is presently 26.38%.

Wall Street Analyst Weigh In

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