Janney Montgomery Scott LLC Acquires Shares of 5,703 Imperial Oil Limited (NYSEAMERICAN:IMO)

Janney Montgomery Scott LLC bought a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,703 shares of the energy company’s stock, valued at approximately $351,000.

Several other institutional investors have also recently made changes to their positions in IMO. Cubist Systematic Strategies LLC boosted its position in shares of Imperial Oil by 43.8% during the second quarter. Cubist Systematic Strategies LLC now owns 2,300 shares of the energy company’s stock valued at $157,000 after buying an additional 700 shares during the period. Grove Bank & Trust lifted its stake in shares of Imperial Oil by 438.0% during the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after acquiring an additional 438 shares during the last quarter. Creative Planning boosted its holdings in Imperial Oil by 13.1% during the 3rd quarter. Creative Planning now owns 43,329 shares of the energy company’s stock valued at $3,053,000 after acquiring an additional 5,024 shares during the period. Blue Trust Inc. grew its position in Imperial Oil by 9.6% in the 3rd quarter. Blue Trust Inc. now owns 9,756 shares of the energy company’s stock valued at $666,000 after acquiring an additional 856 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in Imperial Oil in the third quarter worth $101,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Price Performance

Shares of NYSEAMERICAN:IMO opened at $68.75 on Tuesday. Imperial Oil Limited has a 12-month low of $58.02 and a 12-month high of $80.17. The company has a market capitalization of $35.00 billion, a price-to-earnings ratio of 10.43 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23.

Imperial Oil Increases Dividend

The company 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 $0.4972 dividend. This represents a $1.99 annualized dividend and a yield of 2.89%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. Imperial Oil’s payout ratio is presently 25.80%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Imperial Oil currently has an average rating of “Hold” and a consensus price target 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.