Metis Global Partners LLC Buys 1,466 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Metis Global Partners LLC increased its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,561 shares of the energy company’s stock after purchasing an additional 1,466 shares during the quarter. Metis Global Partners LLC’s holdings in Imperial Oil were worth $774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in Imperial Oil during the 3rd quarter worth about $28,000. Winch Advisory Services LLC acquired a new stake in shares of Imperial Oil during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Imperial Oil during the fourth quarter worth approximately $41,000. Allworth Financial LP lifted its holdings in Imperial Oil by 21.0% in the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock valued at $100,000 after buying an additional 283 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Imperial Oil in the third quarter valued at approximately $137,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IMO. JPMorgan Chase & Co. downgraded Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Stock Down 0.8 %

Shares of IMO stock opened at $65.68 on Wednesday. Imperial Oil Limited has a 12-month low of $60.95 and a 12-month high of $80.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. The stock’s fifty day moving average is $67.25. The company has a market capitalization of $33.43 billion, a P/E ratio of 9.97 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be paid a $0.4972 dividend. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. This represents a $1.99 annualized dividend and a yield of 3.03%. Imperial Oil’s payout ratio is presently 25.80%.

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.