1,944 Shares in Imperial Oil Limited (NYSEAMERICAN:IMO) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,944 shares of the energy company’s stock, valued at approximately $137,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. RFP Financial Group LLC purchased a new stake in shares of Imperial Oil during the 2nd quarter worth approximately $25,000. BNP Paribas Financial Markets bought a new stake in Imperial Oil in the third quarter worth $28,000. Grove Bank & Trust raised its stake in Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock valued at $38,000 after purchasing an additional 438 shares in the last quarter. Allworth Financial LP lifted its position in Imperial Oil by 21.0% during the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after purchasing an additional 234 shares during the last quarter. Finally, Oakworth Capital Inc. bought a new position in Imperial Oil during the third quarter valued at $101,000. 20.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IMO. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Scotiabank restated a “sector perform” rating and set a $110.00 price objective on shares of Imperial Oil in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $109.00.

Imperial Oil Price Performance

Imperial Oil stock opened at $62.51 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. The stock has a market capitalization of $32.04 billion, a P/E ratio of 9.32 and a beta of 1.42. Imperial Oil Limited has a 1-year low of $54.58 and a 1-year high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be issued a $0.4304 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.75%. Imperial Oil’s payout ratio is 26.38%.

Imperial Oil Company 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.