Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Clarius Group LLC

Clarius Group LLC cut its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 14.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,242 shares of the energy company’s stock after selling 1,187 shares during the period. Clarius Group LLC’s holdings in Imperial Oil were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its position in shares of Imperial Oil by 84.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock worth $34,000 after purchasing an additional 225 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Imperial Oil during the 4th quarter valued at approximately $44,000. Assetmark Inc. lifted its position in shares of Imperial Oil by 938.5% during the 4th quarter. Assetmark Inc. now owns 810 shares of the energy company’s stock valued at $46,000 after acquiring an additional 732 shares during the period. Headlands Technologies LLC purchased a new position in Imperial Oil in the 1st quarter valued at approximately $46,000. Finally, CWM LLC boosted its position in Imperial Oil by 156.8% during the fourth quarter. CWM LLC now owns 2,011 shares of the energy company’s stock worth $115,000 after purchasing an additional 1,228 shares in the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IMO has been the topic of a number of research reports. Wolfe Research began coverage on shares of Imperial Oil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $108.00 price objective on the stock. Raymond James raised shares of Imperial Oil to a “hold” rating in a research note on Tuesday, May 28th. Scotiabank reduced their target price on Imperial Oil from $111.00 to $110.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Finally, StockNews.com upgraded Imperial Oil from a “hold” rating to a “buy” rating in a research report on Monday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.80.

Imperial Oil Stock Performance

NYSEAMERICAN IMO traded down $0.32 during trading hours on Friday, hitting $71.32. 47,335 shares of the company’s stock were exchanged, compared to its average volume of 391,615. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 12-month low of $52.97 and a 12-month high of $74.58. The company has a market capitalization of $38.22 billion, a PE ratio of 11.23 and a beta of 1.47.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Wednesday, September 4th will be given a dividend of $0.4336 per share. This represents a $1.73 annualized dividend and a yield of 2.43%. The ex-dividend date is Wednesday, September 4th. Imperial Oil’s dividend payout ratio (DPR) is 27.59%.

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.