Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,213,253 shares of the energy company’s stock after selling 501,101 shares during the period. Imperial Oil comprises approximately 2.9% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 5th biggest holding. First Eagle Investment Management LLC owned approximately 4.17% of Imperial Oil worth $1,305,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Imperial Oil in the third quarter valued at approximately $28,000. Winch Advisory Services LLC bought a new position in shares of Imperial Oil during the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Imperial Oil during the fourth quarter worth approximately $41,000. Allworth Financial LP increased its stake 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 purchasing an additional 283 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Imperial Oil during the third quarter worth approximately $137,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Trading Down 0.7 %

IMO stock opened at $66.62 on Friday. The stock has a 50-day simple moving average of $67.55. Imperial Oil Limited has a 1-year low of $60.95 and a 1-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 company has a market cap of $33.91 billion, a price-to-earnings ratio of 10.11 and a beta of 1.44.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be given a $0.4972 dividend. The ex-dividend date is Wednesday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a dividend yield of 2.98%. Imperial Oil’s dividend payout ratio (DPR) is 25.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IMO shares. JPMorgan Chase & Co. lowered Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.