OMERS ADMINISTRATION Corp Boosts Stock Holdings in Imperial Oil Limited $IMO

OMERS ADMINISTRATION Corp grew its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,741 shares of the energy company’s stock after buying an additional 10,741 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Imperial Oil were worth $13,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its holdings in Imperial Oil by 87.8% in the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock worth $25,000 after purchasing an additional 137 shares during the last quarter. McMillan Office Inc. purchased a new position in shares of Imperial Oil during the 4th quarter worth $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Imperial Oil by 64.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock worth $40,000 after acquiring an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Imperial Oil by 737.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock worth $46,000 after acquiring an additional 450 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Imperial Oil during the 3rd quarter worth $54,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IMO shares. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada cut shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research note on Monday, February 23rd. Finally, TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Imperial Oil currently has a consensus rating of “Reduce” and an average price target of $116.00.

Imperial Oil Trading Down 0.9%

Shares of Imperial Oil stock opened at $120.20 on Tuesday. The stock has a market capitalization of $58.13 billion, a PE ratio of 28.35 and a beta of 0.43. Imperial Oil Limited has a 1-year low of $77.20 and a 1-year high of $139.44. The company’s fifty day simple moving average is $127.52 and its 200-day simple moving average is $113.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.02.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 4th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is presently 38.24%.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.