Laird Norton Wetherby Wealth Management LLC Has $1.13 Million Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Laird Norton Wetherby Wealth Management LLC lowered its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,397 shares of the energy company’s stock after selling 852 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Imperial Oil were worth $1,133,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Jefferies Financial Group Inc. boosted its position in Imperial Oil by 59.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 200,053 shares of the energy company’s stock valued at $12,322,000 after acquiring an additional 74,533 shares during the last quarter. Group One Trading LLC boosted its position in Imperial Oil by 29.7% during the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company’s stock valued at $47,000 after acquiring an additional 173 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Imperial Oil by 15.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 63,878 shares of the energy company’s stock worth $3,935,000 after purchasing an additional 8,588 shares in the last quarter. CoreCommodity Management LLC boosted its position in shares of Imperial Oil by 28.8% during the 4th quarter. CoreCommodity Management LLC now owns 10,170 shares of the energy company’s stock worth $626,000 after purchasing an additional 2,272 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Imperial Oil during the 4th quarter worth about $1,657,000. Institutional investors own 20.74% of the company’s stock.

Wall Street Analysts Forecast Growth

IMO has been the topic of several recent research reports. The Goldman Sachs Group cut shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Scotiabank raised shares of Imperial Oil to a “hold” rating in a research report on Wednesday, March 19th. Raymond James reaffirmed an “outperform” rating on shares of Imperial Oil in a research report on Monday, May 5th. Wolfe Research raised shares of Imperial Oil from a “peer perform” rating to an “outperform” rating in a research report on Monday, April 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $101.00 price target on shares of Imperial Oil in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $106.33.

Imperial Oil Stock Up 1.6%

IMO opened at $73.60 on Wednesday. The company has a fifty day moving average price of $67.72 and a 200-day moving average price of $69.76. The firm has a market capitalization of $37.47 billion, a P/E ratio of 11.17 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. Imperial Oil Limited has a one year low of $58.76 and a one year high of $80.17.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th will be given a $0.523 dividend. The ex-dividend date is Wednesday, June 4th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.50. This represents a $2.09 annualized dividend and a yield of 2.84%. Imperial Oil’s payout ratio is 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.