Imperial Oil Limited (NYSEAMERICAN:IMO) Sees Large Growth in Short Interest

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 17,680,000 shares, a growth of 7.4% from the November 15th total of 16,460,000 shares. Currently, 10.1% of the company’s shares are sold short. Based on an average daily trading volume, of 468,900 shares, the short-interest ratio is currently 37.7 days.

Institutional Investors Weigh In On Imperial Oil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its stake in shares of Imperial Oil by 8.7% during the 2nd quarter. CWM LLC now owns 2,319 shares of the energy company’s stock worth $158,000 after purchasing an additional 185 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Imperial Oil during the 2nd quarter worth about $257,000. Diversified LLC acquired a new position in shares of Imperial Oil during the 2nd quarter worth about $363,000. RFP Financial Group LLC acquired a new position in shares of Imperial Oil during the 2nd quarter worth about $25,000. Finally, Burney Co. increased its stake in shares of Imperial Oil by 9.1% during the 2nd quarter. Burney Co. now owns 30,394 shares of the energy company’s stock worth $2,074,000 after purchasing an additional 2,532 shares during the last quarter. 20.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IMO has been the subject of several research analyst reports. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Scotiabank reaffirmed a “sector perform” rating and issued a $110.00 price objective on shares of Imperial Oil in a research report on Wednesday, September 25th.

Imperial Oil Trading Down 0.9 %

IMO traded down $0.60 during trading on Tuesday, hitting $65.83. The company had a trading volume of 321,162 shares, compared to its average volume of 409,925. The stock has a market capitalization of $33.74 billion, a P/E ratio of 9.90 and a beta of 1.42. Imperial Oil has a one year low of $54.58 and a one year high of $80.17. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be given a $0.4304 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a yield of 2.62%. Imperial Oil’s dividend payout ratio is currently 26.38%.

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.