Imperial Oil Limited $IMO Shares Purchased by Scotia Capital Inc.

Scotia Capital Inc. raised its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 233,736 shares of the energy company’s stock after acquiring an additional 7,940 shares during the quarter. Scotia Capital Inc.’s holdings in Imperial Oil were worth $18,456,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. IMG Wealth Management Inc. purchased a new position in shares of Imperial Oil in the 2nd quarter valued at about $28,000. MAI Capital Management grew its position in Imperial Oil by 2,275.0% during the second quarter. MAI Capital Management now owns 380 shares of the energy company’s stock worth $30,000 after buying an additional 364 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Imperial Oil by 88.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock valued at $39,000 after buying an additional 255 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Imperial Oil during the 1st quarter valued at approximately $87,000. Finally, Lingohr Asset Management GmbH acquired a new stake in shares of Imperial Oil during the 2nd quarter valued at approximately $204,000. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on IMO shares. TD Securities restated a “sell” rating on shares of Imperial Oil in a report on Tuesday, November 4th. Cibc World Mkts downgraded Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Zacks Research cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Imperial Oil in a research note on Monday, August 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $115.00.

Imperial Oil Stock Up 0.1%

Shares of NYSEAMERICAN:IMO opened at $98.80 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $101.01. The stock’s fifty day simple moving average is $92.24 and its 200-day simple moving average is $85.47. The company has a market capitalization of $49.09 billion, a P/E ratio of 15.22 and a beta of 0.83.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Wednesday, December 3rd will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, December 3rd. Imperial Oil’s payout ratio is currently 31.87%.

About Imperial Oil

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.