Meixler Investment Management Ltd. Has $985,000 Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Meixler Investment Management Ltd. cut its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,986 shares of the energy company’s stock after selling 909 shares during the period. Imperial Oil makes up 0.7% of Meixler Investment Management Ltd.’s holdings, making the stock its 27th largest position. Meixler Investment Management Ltd.’s holdings in Imperial Oil were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of IMO. Creative Planning boosted its stake in shares of Imperial Oil by 13.1% during the 3rd quarter. Creative Planning now owns 43,329 shares of the energy company’s stock worth $3,053,000 after buying an additional 5,024 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Imperial Oil by 9.6% during the 3rd quarter. Blue Trust Inc. now owns 9,756 shares of the energy company’s stock worth $666,000 after buying an additional 856 shares during the last quarter. Oakworth Capital Inc. acquired a new position in shares of Imperial Oil during the 3rd quarter worth about $101,000. U S Global Investors Inc. acquired a new position in shares of Imperial Oil during the 3rd quarter worth about $423,000. Finally, Sequoia Financial Advisors LLC lifted its stake in Imperial Oil by 5.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,753 shares of the energy company’s stock valued at $265,000 after purchasing an additional 178 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IMO has been the subject of several recent analyst reports. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Price Performance

Imperial Oil stock opened at $69.25 on Friday. The stock has a market capitalization of $35.25 billion, a price-to-earnings ratio of 10.12 and a beta of 1.44. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a twelve month low of $58.60 and a twelve month high of $80.17.

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 issued a $0.4972 dividend. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil’s dividend payout ratio is currently 25.80%.

About Imperial Oil

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.