Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Imperial Oil Limited $IMO

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 198,790 shares of the energy company’s stock after selling 8,708 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Imperial Oil were worth $15,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFG Advisory LLC boosted its position in shares of Imperial Oil by 0.4% during the 2nd quarter. IFG Advisory LLC now owns 32,359 shares of the energy company’s stock worth $2,572,000 after purchasing an additional 136 shares in the last quarter. Ballentine Partners LLC grew its holdings in Imperial Oil by 4.9% in the second quarter. Ballentine Partners LLC now owns 3,971 shares of the energy company’s stock valued at $316,000 after purchasing an additional 184 shares during the last quarter. Stephens Inc. AR increased its position in shares of Imperial Oil by 1.5% in the second quarter. Stephens Inc. AR now owns 15,090 shares of the energy company’s stock valued at $1,199,000 after buying an additional 229 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Imperial Oil by 88.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock worth $39,000 after buying an additional 255 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Imperial Oil by 6.8% in the 2nd quarter. Cetera Investment Advisers now owns 4,569 shares of the energy company’s stock valued at $363,000 after acquiring an additional 291 shares during the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. TD Securities restated a “sell” rating on shares of Imperial Oil in a research report on Tuesday, November 4th. BMO Capital Markets reissued an “outperform” rating on shares of Imperial Oil in a research note on Monday, August 4th. Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wolfe Research lowered shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 23rd. Finally, Zacks Research downgraded shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $115.00.

Imperial Oil Price Performance

Imperial Oil stock opened at $100.83 on Wednesday. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $101.01. The firm has a 50 day moving average price of $91.39 and a 200 day moving average price of $84.09. The company has a market cap of $50.10 billion, a price-to-earnings ratio of 15.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58.

Imperial Oil Announces Dividend

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

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.