Public Employees Retirement System of Ohio Buys New Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Public Employees Retirement System of Ohio purchased a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,180 shares of the energy company’s stock, valued at approximately $1,210,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of Imperial Oil by 5.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,266 shares of the energy company’s stock worth $223,000 after buying an additional 158 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Imperial Oil by 5.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,308 shares of the energy company’s stock worth $237,000 after acquiring an additional 163 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Imperial Oil by 5.0% during the third quarter. Sequoia Financial Advisors LLC now owns 3,753 shares of the energy company’s stock worth $265,000 after acquiring an additional 178 shares during the period. Allworth Financial LP grew its position in shares of Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after purchasing an additional 234 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Imperial Oil by 4.4% during the second quarter. Signaturefd LLC now owns 6,792 shares of the energy company’s stock worth $464,000 after purchasing an additional 284 shares during the period. Institutional investors own 20.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Scotiabank reaffirmed a “sector perform” rating and issued a $110.00 price objective on shares of Imperial Oil in a report on Wednesday, September 25th. StockNews.com downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Trading Down 2.7 %

IMO stock opened at $62.51 on Friday. Imperial Oil Limited has a 1 year low of $54.58 and a 1 year high of $80.17. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. The company has a market cap of $32.04 billion, a P/E ratio of 9.32 and a beta of 1.42.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a $0.4304 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s payout ratio is 26.38%.

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.