Orion Portfolio Solutions LLC Has $963,000 Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Orion Portfolio Solutions LLC trimmed its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,639 shares of the energy company’s stock after selling 691 shares during the period. Orion Portfolio Solutions LLC’s holdings in Imperial Oil were worth $963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IMO. BNP Paribas Financial Markets acquired a new stake in Imperial Oil in the third quarter valued at $28,000. Winch Advisory Services LLC acquired a new stake in shares of Imperial Oil in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Imperial Oil during the fourth quarter worth about $41,000. Allworth Financial LP lifted its stake in shares of Imperial Oil by 21.0% in the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after acquiring an additional 283 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Imperial Oil in the third quarter valued at approximately $137,000. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Price Performance

Shares of IMO opened at $63.47 on Friday. The company has a 50-day moving average price of $69.57. Imperial Oil Limited has a one year low of $60.95 and a one year high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. The firm has a market cap of $32.31 billion, a P/E ratio of 9.63 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.4972 per share. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.99 annualized dividend and a dividend yield of 3.13%. Imperial Oil’s payout ratio is currently 25.80%.

Analyst Ratings Changes

Several research analysts have issued reports on IMO shares. JPMorgan Chase & Co. lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. Scotiabank raised shares of Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $101.00 price target on shares of Imperial Oil in a research report on Thursday. Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group lowered Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $106.33.

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.