Tacita Capital Inc Sells 230 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Tacita Capital Inc reduced its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,176 shares of the energy company’s stock after selling 230 shares during the quarter. Tacita Capital Inc’s holdings in Imperial Oil were worth $441,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. OLD National Bancorp IN raised its stake in Imperial Oil by 5.0% during the 4th quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock valued at $241,000 after buying an additional 187 shares during the last quarter. Allworth Financial LP boosted its holdings in Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after buying an additional 283 shares during the period. Ballentine Partners LLC boosted its holdings in Imperial Oil by 8.0% in the 4th quarter. Ballentine Partners LLC now owns 3,900 shares of the energy company’s stock worth $240,000 after buying an additional 288 shares during the period. US Bancorp DE boosted its holdings in shares of Imperial Oil by 1.5% during the 4th quarter. US Bancorp DE now owns 20,408 shares of the energy company’s stock valued at $1,257,000 after purchasing an additional 296 shares during the last quarter. Finally, J. W. Coons Advisors LLC boosted its holdings in shares of Imperial Oil by 2.7% during the 4th quarter. J. W. Coons Advisors LLC now owns 12,369 shares of the energy company’s stock valued at $762,000 after purchasing an additional 320 shares during the last quarter. 20.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IMO has been the subject of a number of analyst reports. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, Imperial Oil currently has an average rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Stock Down 2.4 %

Shares of NYSEAMERICAN:IMO opened at $66.23 on Tuesday. The company has a market cap of $33.71 billion, a PE ratio of 10.05 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. Imperial Oil Limited has a one year low of $60.95 and a one year high of $80.17.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. This represents a $1.99 annualized dividend and a yield of 3.00%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. Imperial Oil’s dividend payout ratio (DPR) is presently 25.80%.

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.