Waratah Capital Advisors Ltd. Sells 12,990 Shares of Imperial Oil Limited $IMO

Waratah Capital Advisors Ltd. decreased its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,010 shares of the energy company’s stock after selling 12,990 shares during the quarter. Imperial Oil accounts for approximately 0.6% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 26th largest position. Waratah Capital Advisors Ltd. owned 0.05% of Imperial Oil worth $20,825,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in shares of Imperial Oil during the 2nd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. lifted its stake in Imperial Oil by 88.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock worth $39,000 after purchasing an additional 255 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Imperial Oil in the 1st quarter valued at $87,000. Focus Partners Wealth bought a new position in shares of Imperial Oil in the 1st quarter valued at $200,000. Finally, Lingohr Asset Management GmbH acquired a new position in shares of Imperial Oil during the 2nd quarter worth $204,000. 20.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on IMO. Cibc World Mkts downgraded Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Zacks Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wolfe Research lowered shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 23rd. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a report on Tuesday, November 4th. Finally, Tudor Pickering downgraded Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $115.00.

Imperial Oil Stock Up 2.9%

Imperial Oil stock opened at $98.93 on Friday. The firm has a 50 day moving average price of $90.94 and a two-hundred day moving average price of $83.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $99.17. The firm has a market cap of $49.15 billion, a price-to-earnings ratio of 15.24 and a beta of 0.83.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Wednesday, December 3rd will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $2.88 annualized dividend and a dividend yield of 2.9%. Imperial Oil’s dividend payout ratio is presently 31.87%.

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.