Corient Private Wealth LLC Has $1.30 Million Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Corient Private Wealth LLC lessened its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 47.4% during the 4th quarter, HoldingsChannel reports. The firm owned 21,094 shares of the energy company’s stock after selling 18,983 shares during the quarter. Corient Private Wealth LLC’s holdings in Imperial Oil were worth $1,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Winch Advisory Services LLC bought a new position in shares of Imperial Oil in the fourth quarter worth about $26,000. BNP Paribas Financial Markets bought a new position in Imperial Oil in the 3rd quarter worth approximately $28,000. Wingate Wealth Advisors Inc. bought a new position in Imperial Oil in the 4th quarter worth approximately $41,000. Allworth Financial LP lifted its holdings in shares of Imperial Oil by 21.0% during the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after buying an additional 283 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Imperial Oil in the third quarter valued at approximately $137,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Trading Up 0.8 %

IMO opened at $73.34 on Wednesday. The company’s 50 day moving average price is $68.88. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $37.33 billion, a PE ratio of 11.13 and a beta of 1.44. Imperial Oil Limited has a 1 year low of $60.95 and a 1 year high of $80.17.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be issued a $0.4972 dividend. This represents a $1.99 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s payout ratio is 25.80%.

Wall Street Analysts Forecast Growth

IMO has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $109.00.

Imperial Oil 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.