J. W. Coons Advisors LLC Buys 320 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

J. W. Coons Advisors LLC raised its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,369 shares of the energy company’s stock after acquiring an additional 320 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Imperial Oil were worth $762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Imperial Oil in the 3rd quarter worth $28,000. Winch Advisory Services LLC acquired a new stake in shares of Imperial Oil in the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Imperial Oil in the 4th quarter worth $41,000. Allworth Financial LP boosted its position in shares of Imperial Oil by 21.0% in the 3rd quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after purchasing an additional 234 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Imperial Oil in the 3rd quarter worth $137,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at $69.81 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a twelve month low of $60.38 and a twelve month high of $80.17. The stock has a market capitalization of $35.54 billion, a P/E ratio of 10.59 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be issued a $0.4972 dividend. This represents a $1.99 annualized dividend and a yield of 2.85%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. Imperial Oil’s payout ratio is presently 25.80%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IMO shares. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Imperial Oil has a consensus 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.