Mitsubishi UFJ Trust & Banking Corp Sells 6,522 Shares of Imperial Oil Limited $IMO

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,484 shares of the energy company’s stock after selling 6,522 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Imperial Oil were worth $16,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Imperial Oil by 31.6% during the 2nd quarter. Bank of America Corp DE now owns 2,945,528 shares of the energy company’s stock valued at $234,111,000 after purchasing an additional 707,985 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Imperial Oil by 16.2% in the second quarter. Bank of Montreal Can now owns 3,235,443 shares of the energy company’s stock worth $257,194,000 after buying an additional 451,369 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Imperial Oil by 219.9% during the second quarter. TD Waterhouse Canada Inc. now owns 532,311 shares of the energy company’s stock valued at $42,668,000 after buying an additional 365,936 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Imperial Oil by 18.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,989 shares of the energy company’s stock valued at $163,413,000 after buying an additional 318,696 shares during the last quarter. Finally, Fiera Capital Corp increased its position in shares of Imperial Oil by 1,294.3% during the second quarter. Fiera Capital Corp now owns 304,811 shares of the energy company’s stock valued at $24,220,000 after acquiring an additional 282,949 shares in the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Imperial Oil Stock Performance

Shares of IMO opened at $103.19 on Wednesday. The firm has a market capitalization of $49.90 billion, a P/E ratio of 18.59 and a beta of 0.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.17. Imperial Oil Limited has a one year low of $58.76 and a one year high of $104.09. The business has a fifty day moving average of $92.68 and a 200 day moving average of $90.03.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Wednesday, December 3rd were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $2.88 annualized dividend and a dividend yield of 2.8%. Imperial Oil’s dividend payout ratio is presently 31.26%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IMO shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th. Zacks Research cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a report on Tuesday, November 4th. BMO Capital Markets downgraded Imperial Oil from an “outperform” rating to a “market perform” rating in a report on Monday, December 15th. Finally, Cibc World Mkts lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Six equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $115.00.

Imperial Oil Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.