Brinker Capital Investments LLC Has $980,000 Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Brinker Capital Investments LLC reduced its position in Imperial Oil Limited (NYSEAMERICAN:IMO – Get Rating) (TSE:IMO) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,641 shares of the energy company’s stock after selling 646 shares during the quarter. Brinker Capital Investments LLC’s holdings in Imperial Oil were worth $980,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Savant Capital LLC increased its holdings in shares of Imperial Oil by 1.3% during the 2nd quarter. Savant Capital LLC now owns 21,233 shares of the energy company’s stock valued at $1,000,000 after acquiring an additional 267 shares during the last quarter. J. W. Coons Advisors LLC increased its holdings in shares of Imperial Oil by 3.6% during the 2nd quarter. J. W. Coons Advisors LLC now owns 9,235 shares of the energy company’s stock valued at $437,000 after acquiring an additional 325 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Imperial Oil by 8.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,894 shares of the energy company’s stock valued at $231,000 after acquiring an additional 376 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Imperial Oil by 5.0% during the 2nd quarter. Yousif Capital Management LLC now owns 11,578 shares of the energy company’s stock valued at $545,000 after acquiring an additional 550 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Imperial Oil by 5.0% during the 2nd quarter. Comerica Bank now owns 11,578 shares of the energy company’s stock valued at $521,000 after acquiring an additional 550 shares during the last quarter. 20.76% of the stock is owned by institutional investors and hedge funds.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN:IMO opened at $51.03 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 0.18. Imperial Oil Limited has a twelve month low of $38.31 and a twelve month high of $58.99. The company has a market cap of $29.81 billion, a P/E ratio of 6.68, a price-to-earnings-growth ratio of 0.24 and a beta of 1.50.

Imperial Oil (NYSEAMERICAN:IMO – Get Rating) (TSE:IMO) last announced its quarterly earnings data on Wednesday, November 2nd. The energy company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. Imperial Oil had a return on equity of 28.06% and a net margin of 11.14%. The company had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $14.33 billion. Research analysts forecast that Imperial Oil Limited will post 7.57 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Friday, December 2nd were given a $0.3226 dividend. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.53%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.26. Imperial Oil’s dividend payout ratio (DPR) is currently 17.15%.

Analyst Ratings Changes

A number of research analysts have recently commented on IMO shares. Desjardins increased their price objective on Imperial Oil from C$70.00 to C$80.00 in a report on Tuesday, November 8th. CIBC decreased their target price on Imperial Oil from C$80.00 to C$76.00 in a research note on Tuesday, January 17th. National Bank Financial increased their target price on Imperial Oil from C$80.00 to C$85.00 in a research note on Wednesday, January 11th. Royal Bank of Canada increased their target price on Imperial Oil from C$79.00 to C$81.00 in a research note on Tuesday, November 8th. Finally, JPMorgan Chase & Co. downgraded Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Monday, December 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $77.44.

Imperial Oil Profile

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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 for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.