Universal Beteiligungs und Servicegesellschaft mbH Sells 36,785 Shares of Imperial Oil Limited $IMO

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 18.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,005 shares of the energy company’s stock after selling 36,785 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Imperial Oil were worth $14,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Imperial Oil by 31.6% in the 2nd 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. Bank of Montreal Can increased its stake in shares of Imperial Oil by 16.2% in the second quarter. Bank of Montreal Can now owns 3,235,443 shares of the energy company’s stock worth $257,194,000 after purchasing an additional 451,369 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Imperial Oil by 219.9% in the second quarter. TD Waterhouse Canada Inc. now owns 532,311 shares of the energy company’s stock valued at $42,668,000 after purchasing an additional 365,936 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Imperial Oil by 18.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,989 shares of the energy company’s stock valued at $163,413,000 after buying an additional 318,696 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of Imperial Oil by 1,294.3% during the 2nd quarter. Fiera Capital Corp now owns 304,811 shares of the energy company’s stock valued at $24,220,000 after buying an additional 282,949 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Up 2.0%

Shares of Imperial Oil stock opened at $101.24 on Friday. The company has a 50-day moving average of $92.57 and a 200 day moving average of $89.60. The firm has a market cap of $48.96 billion, a price-to-earnings ratio of 18.24 and a beta of 0.70. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $102.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.17.

Imperial Oil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Wednesday, December 3rd were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is currently 31.26%.

Analyst Ratings Changes

IMO has been the topic of a number of analyst reports. Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th. TD Securities reissued a “sell” rating on shares of Imperial Oil in a report on Tuesday, November 4th. Raymond James Financial downgraded Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. Finally, Zacks Research cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Six equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Imperial Oil currently has an average rating of “Reduce” and an average price target of $115.00.

Imperial Oil Profile

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.