Ontario Teachers Pension Plan Board Has $3.70 Million Stock Position in Imperial Oil Limited $IMO

Ontario Teachers Pension Plan Board grew its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 15.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,505 shares of the energy company’s stock after acquiring an additional 6,243 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Imperial Oil were worth $3,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IMO. IMG Wealth Management Inc. acquired a new stake in Imperial Oil during the 2nd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. increased its position in 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 period. Banque Transatlantique SA bought a new position in Imperial Oil during the 1st quarter worth $87,000. Focus Partners Wealth acquired a new stake in shares of Imperial Oil during the first quarter worth $200,000. Finally, Lingohr Asset Management GmbH bought a new stake in shares of Imperial Oil in the second quarter valued at about $204,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IMO. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th. BMO Capital Markets restated an “outperform” rating on shares of Imperial Oil in a research report on Monday, August 4th. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 23rd. Cibc World Mkts cut Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Zacks Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $115.00.

Imperial Oil Trading Up 2.9%

Shares of Imperial Oil stock opened at $98.93 on Friday. The firm has a market capitalization of $49.15 billion, a PE ratio of 15.24 and a beta of 0.83. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $90.94 and its 200 day moving average is $83.53. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $99.17.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.72 per share. 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 presently 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.