Ashton Thomas Private Wealth LLC Has $2.21 Million Stock Holdings in Imperial Oil Limited $IMO

Ashton Thomas Private Wealth LLC decreased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 51.0% in the third quarter, Holdings Channel reports. The firm owned 24,215 shares of the energy company’s stock after selling 25,170 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Imperial Oil were worth $2,210,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of Imperial Oil by 16.2% in the 2nd quarter. Bank of Montreal Can now owns 3,235,443 shares of the energy company’s stock worth $257,194,000 after buying an additional 451,369 shares in the last quarter. Bank of America Corp DE grew its position in Imperial Oil by 31.6% in the second quarter. Bank of America Corp DE now owns 2,945,528 shares of the energy company’s stock valued at $234,111,000 after acquiring an additional 707,985 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Imperial Oil by 18.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,989 shares of the energy company’s stock worth $163,413,000 after acquiring an additional 318,696 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Imperial Oil by 20.5% during the second quarter. Geode Capital Management LLC now owns 1,448,565 shares of the energy company’s stock valued at $116,420,000 after acquiring an additional 246,634 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Imperial Oil by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 812,707 shares of the energy company’s stock valued at $64,437,000 after purchasing an additional 4,506 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on IMO shares. BMO Capital Markets cut shares of Imperial Oil from an “outperform” rating to a “market perform” rating in a research report on Monday, December 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Imperial Oil in a research note on Wednesday, November 5th. Cibc World Mkts lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Tuesday, November 4th. Finally, Raymond James Financial lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Six investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $115.00.

Imperial Oil Trading Down 2.2%

Shares of NYSEAMERICAN IMO opened at $108.32 on Friday. Imperial Oil Limited has a 1-year low of $58.76 and a 1-year high of $111.99. The company has a 50-day moving average of $93.73 and a two-hundred day moving average of $91.05. The company has a market cap of $52.38 billion, a PE ratio of 23.65 and a beta of 0.70. The company has a current ratio of 1.47, a quick ratio of 1.17 and a debt-to-equity ratio of 0.17.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.48 annualized dividend and a yield of 3.2%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. Imperial Oil’s dividend payout ratio (DPR) is currently 31.26%.

About Imperial Oil

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.