Mufg Securities Canada LTD. Sells 25,356 Shares of Imperial Oil Limited $IMO

Mufg Securities Canada LTD. lessened its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,525 shares of the energy company’s stock after selling 25,356 shares during the period. Mufg Securities Canada LTD.’s holdings in Imperial Oil were worth $20,266,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Imperial Oil by 1.5% during the third quarter. Vanguard Group Inc. now owns 6,710,473 shares of the energy company’s stock worth $608,459,000 after acquiring an additional 100,665 shares in the last quarter. Bank of America Corp DE raised its holdings in Imperial Oil by 30.4% during the third quarter. Bank of America Corp DE now owns 3,840,645 shares of the energy company’s stock worth $348,500,000 after acquiring an additional 895,117 shares in the last quarter. Morgan Stanley raised its holdings in Imperial Oil by 47.9% during the fourth quarter. Morgan Stanley now owns 1,867,363 shares of the energy company’s stock worth $161,172,000 after acquiring an additional 604,447 shares in the last quarter. UBS Group AG raised its holdings in Imperial Oil by 21.6% during the fourth quarter. UBS Group AG now owns 1,709,910 shares of the energy company’s stock worth $147,582,000 after acquiring an additional 303,286 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Imperial Oil by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 1,693,690 shares of the energy company’s stock worth $149,067,000 after acquiring an additional 78,321 shares in the last quarter. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Price Performance

NYSEAMERICAN:IMO opened at $121.29 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $127.72 and its two-hundred day moving average price is $113.42. The firm has a market capitalization of $58.65 billion, a price-to-earnings ratio of 28.61 and a beta of 0.43. Imperial Oil Limited has a 12-month low of $77.20 and a 12-month high of $139.44.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th will be paid a $0.87 dividend. The ex-dividend date is Thursday, June 4th. This represents a $3.48 annualized dividend and a yield of 2.9%. Imperial Oil’s dividend payout ratio is currently 38.24%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IMO. Royal Bank Of Canada lowered Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 target price on the stock. in a report on Monday, February 23rd. Zacks Research upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, TD Securities reiterated a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $116.00.

Imperial Oil Company 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.