Stephens Inc. AR Boosts Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Stephens Inc. AR increased its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 2.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,861 shares of the energy company’s stock after buying an additional 290 shares during the period. Stephens Inc. AR’s holdings in Imperial Oil were worth $1,075,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC raised its position in Imperial Oil by 9.3% in the first quarter. Kathmere Capital Management LLC now owns 6,580 shares of the energy company’s stock worth $476,000 after acquiring an additional 560 shares in the last quarter. Genus Capital Management Inc. raised its holdings in Imperial Oil by 292.6% during the 1st quarter. Genus Capital Management Inc. now owns 94,512 shares of the energy company’s stock worth $6,826,000 after buying an additional 143,581 shares during the period. Cerity Partners LLC increased its holdings in shares of Imperial Oil by 46.7% in the 1st quarter. Cerity Partners LLC now owns 85,764 shares of the energy company’s stock valued at $6,202,000 after purchasing an additional 27,314 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Imperial Oil by 8.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 68,299 shares of the energy company’s stock valued at $4,939,000 after purchasing an additional 5,106 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in shares of Imperial Oil in the 1st quarter valued at about $26,000. Institutional investors own 20.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on IMO. Desjardins downgraded Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $101.00 price objective on shares of Imperial Oil in a research note on Thursday, April 3rd. Wolfe Research upgraded Imperial Oil from a “peer perform” rating to an “outperform” rating in a research note on Monday, April 21st. The Goldman Sachs Group lowered Imperial Oil from a “neutral” rating to a “sell” rating in a research note on Thursday, March 27th. Finally, Raymond James Financial downgraded shares of Imperial Oil from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Imperial Oil has a consensus rating of “Hold” and an average price target of $106.33.

Imperial Oil Trading Down 0.1%

Shares of IMO stock opened at $81.99 on Friday. The stock has a 50-day moving average of $76.92 and a 200-day moving average of $70.86. Imperial Oil Limited has a 1-year low of $58.76 and a 1-year high of $83.33. The stock has a market cap of $41.74 billion, a price-to-earnings ratio of 12.26 and a beta of 0.89. The company has a current ratio of 1.48, a quick ratio of 1.22 and a debt-to-equity ratio of 0.16.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th were given a dividend of $0.523 per share. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.55%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is presently 31.87%.

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.