From MarketBeat:

Imperial Oil Limited’s short interest rose by 38.3% in December to 14,770,000 shares, representing 8.5% of the company’s total shares. Institutional investors and hedge funds own 20.74% of the company’s stock.

The company reported earnings of $2.06 per share, exceeding the $1.81 consensus estimate. Analysts forecast a yearly earnings per share of 5.56.

Imperial Oil will pay shareholders a quarterly dividend of $0.3619 on January 1st, with an annualized yield of 2.53%.

Several analysts have issued reports on the company’s performance. JPMorgan Chase & Co. upgraded the stock to a “neutral” rating, while others have downgraded it based on performance.

Imperial Oil operates in Canada, engaging in exploration, production, and sale of crude oil and natural gas. The company operates in three segments: Upstream, Downstream, and Chemical.

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Read more: Imperial Oil Limited (NYSEAMERICAN:IMO) Short Interest Up 38.3% in December