Swiss National Bank Has $32.76 Million Stock Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Swiss National Bank lessened its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,876 shares of the energy company’s stock after selling 35,300 shares during the period. Swiss National Bank owned about 0.10% of Imperial Oil worth $32,764,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Winch Advisory Services LLC acquired a new position in shares of Imperial Oil in the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets bought a new position in shares of Imperial Oil during the third quarter valued at $28,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Imperial Oil during the fourth quarter worth $41,000. Allworth Financial LP grew its stake in shares of Imperial Oil by 21.0% in the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after purchasing an additional 283 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Imperial Oil in the third quarter valued at $137,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Price Performance

IMO stock opened at $69.15 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average is $67.78. The company has a market cap of $35.20 billion, a PE ratio of 10.49 and a beta of 1.44. Imperial Oil Limited has a 1 year low of $60.95 and a 1 year high of $80.17.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. This represents a $1.99 annualized dividend and a dividend yield of 2.88%. Imperial Oil’s payout ratio is currently 25.80%.

Analyst Upgrades and Downgrades

A number of research firms have commented on IMO. JPMorgan Chase & Co. lowered Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $109.00.

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.