Imperial Oil Limited (NYSEAMERICAN:IMO) Holdings Decreased by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC cut its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 47.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,900 shares of the energy company’s stock after selling 3,500 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Imperial Oil were worth $240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ballentine Partners LLC raised its position in Imperial Oil by 8.0% in the fourth quarter. Ballentine Partners LLC now owns 3,900 shares of the energy company’s stock worth $240,000 after acquiring an additional 288 shares in the last quarter. Winch Advisory Services LLC bought a new stake in Imperial Oil in the fourth quarter worth about $26,000. Burney Co. raised its position in Imperial Oil by 5.9% in the fourth quarter. Burney Co. now owns 33,432 shares of the energy company’s stock worth $2,059,000 after acquiring an additional 1,872 shares in the last quarter. Aprio Wealth Management LLC increased its stake in Imperial Oil by 39.8% in the 4th quarter. Aprio Wealth Management LLC now owns 4,133 shares of the energy company’s stock worth $255,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Imperial Oil by 22.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,461 shares of the energy company’s stock worth $583,000 after buying an additional 1,753 shares during the period. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN:IMO opened at $71.57 on Friday. 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 company has a market capitalization of $36.43 billion, a P/E ratio of 10.67 and a beta of 1.45. Imperial Oil Limited has a 52 week low of $54.74 and a 52 week high of $80.17.

Imperial Oil Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd were given a $0.4304 dividend. 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 2.41%. Imperial Oil’s payout ratio is 25.34%.

Analyst Ratings Changes

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