Advisors Asset Management Inc. Has $393,000 Stock Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Advisors Asset Management Inc. lessened its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,580 shares of the energy company’s stock after selling 302 shares during the quarter. Advisors Asset Management Inc.’s holdings in Imperial Oil were worth $393,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. RFP Financial Group LLC bought a new stake in Imperial Oil in the 2nd quarter valued at approximately $25,000. Grove Bank & Trust boosted its holdings in Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after purchasing an additional 438 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Imperial Oil by 45.6% in the second quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company’s stock valued at $49,000 after purchasing an additional 225 shares in the last quarter. Allworth Financial LP increased its stake in Imperial Oil by 21.0% in the 3rd quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after buying an additional 234 shares during the last quarter. Finally, Oakworth Capital Inc. bought a new stake in Imperial Oil during the 3rd quarter worth about $101,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

Imperial Oil stock opened at $73.14 on Friday. Imperial Oil Limited has a fifty-two week low of $52.97 and a fifty-two week high of $80.17. The stock has a market cap of $37.88 billion, a PE ratio of 10.90 and a beta of 1.44. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be given a $0.4304 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.35%. Imperial Oil’s payout ratio is 26.53%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com downgraded Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Scotiabank reaffirmed a “sector perform” rating and set a $110.00 price target on shares of Imperial Oil in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus 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.