OMERS ADMINISTRATION Corp Purchases 10,741 Shares of Imperial Oil Limited $IMO

OMERS ADMINISTRATION Corp increased its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,741 shares of the energy company’s stock after purchasing an additional 10,741 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Imperial Oil were worth $13,819,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ensign Peak Advisors Inc raised its position in shares of Imperial Oil by 1.0% during the 4th quarter. Ensign Peak Advisors Inc now owns 9,924 shares of the energy company’s stock valued at $858,000 after purchasing an additional 100 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Imperial Oil by 23.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock valued at $46,000 after purchasing an additional 101 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Imperial Oil by 5.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,599 shares of the energy company’s stock valued at $236,000 after purchasing an additional 127 shares during the period. Root Financial Partners LLC increased its holdings in Imperial Oil by 87.8% in the 4th quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after acquiring an additional 137 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Imperial Oil by 1.5% in the 2nd quarter. NewEdge Advisors LLC now owns 12,071 shares of the energy company’s stock valued at $959,000 after acquiring an additional 184 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IMO. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. Royal Bank Of Canada downgraded 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 report on Monday, February 23rd. Finally, Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $116.00.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN IMO opened at $120.20 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.23. The company has a market cap of $58.13 billion, a P/E ratio of 28.35 and a beta of 0.43. The firm’s fifty day moving average is $127.52 and its two-hundred day moving average is $113.58. Imperial Oil Limited has a 52-week low of $77.20 and a 52-week high of $139.44.

Imperial Oil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, June 4th. Imperial Oil’s payout ratio is currently 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.