Mackenzie Financial Corp Decreases Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Mackenzie Financial Corp cut its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,073 shares of the energy company’s stock after selling 26,390 shares during the quarter. Mackenzie Financial Corp’s holdings in Imperial Oil were worth $22,858,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in Imperial Oil by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 3,371,517 shares of the energy company’s stock worth $209,148,000 after purchasing an additional 1,801,671 shares in the last quarter. Morgan Stanley boosted its position in Imperial Oil by 91.7% during the fourth quarter. Morgan Stanley now owns 2,557,092 shares of the energy company’s stock worth $124,633,000 after purchasing an additional 1,223,456 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Imperial Oil by 207.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,581,227 shares of the energy company’s stock worth $80,396,000 after purchasing an additional 1,066,980 shares in the last quarter. FMR LLC boosted its position in Imperial Oil by 3.6% during the third quarter. FMR LLC now owns 28,557,885 shares of the energy company’s stock worth $1,758,993,000 after purchasing an additional 1,001,847 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Imperial Oil by 153.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,505,425 shares of the energy company’s stock valued at $72,741,000 after acquiring an additional 911,333 shares in the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Stock Down 0.5 %

IMO opened at $69.25 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The firm has a market cap of $37.11 billion, a P/E ratio of 11.03 and a beta of 1.48. Imperial Oil Limited has a 52 week low of $44.46 and a 52 week high of $74.58.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings data on Friday, February 2nd. The energy company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.26. The business had revenue of $9.63 billion for the quarter, compared to analyst estimates of $12.29 billion. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. On average, equities analysts expect that Imperial Oil Limited will post 6.07 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.4473 per share. The ex-dividend date was Friday, March 1st. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.36. Imperial Oil’s dividend payout ratio (DPR) is presently 28.05%.

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.