Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Fiera Capital Corp

Fiera Capital Corp lowered its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 73.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,094 shares of the energy company’s stock after selling 70,361 shares during the quarter. Fiera Capital Corp’s holdings in Imperial Oil were worth $1,768,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. RFP Financial Group LLC acquired a new position in Imperial Oil in the second quarter valued at about $25,000. Grove Bank & Trust lifted its position in Imperial Oil by 438.0% in the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock valued at $38,000 after buying an additional 438 shares during the last quarter. Headlands Technologies LLC acquired a new position in Imperial Oil in the first quarter valued at about $46,000. Hexagon Capital Partners LLC lifted its position in Imperial Oil by 45.6% in the second quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company’s stock valued at $49,000 after buying an additional 225 shares during the last quarter. Finally, Allworth Financial LP lifted 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 valued at $95,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $73.26 on Friday. Imperial Oil Limited has a one year low of $52.97 and a one year high of $80.17. The company has a quick ratio of 1.16, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $38.71 billion, a PE ratio of 10.92 and a beta of 1.44.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be paid a $0.4304 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 2.35%. Imperial Oil’s dividend payout ratio is currently 26.53%.

Analysts Set New Price Targets

Several analysts have recently issued reports on IMO shares. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Wolfe Research initiated coverage on shares of Imperial Oil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $108.00 price objective for the company. Finally, Scotiabank reissued a “sector perform” rating and issued a $110.00 price objective on shares of Imperial Oil in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Imperial Oil currently has an average 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.