Stevens Capital Management LP purchased a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,194 shares of the energy company's stock, valued at approximately $258,000.
Several other institutional investors and hedge funds also recently made changes to their positions in IMO. Geode Capital Management LLC grew its holdings in shares of Imperial Oil by 9.1% during the third quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company's stock worth $59,502,000 after buying an additional 70,357 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in Imperial Oil by 42.8% during the 4th quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company's stock worth $874,000 after acquiring an additional 4,308 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Imperial Oil by 522.8% during the 3rd quarter. Bridgewater Associates LP now owns 201,126 shares of the energy company's stock worth $14,166,000 after acquiring an additional 168,831 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Imperial Oil by 13.3% in the third quarter. National Bank of Canada FI now owns 751,038 shares of the energy company's stock valued at $52,885,000 after purchasing an additional 87,914 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Imperial Oil in the third quarter worth $28,000. Institutional investors and hedge funds own 20.74% of the company's stock.
Imperial Oil Trading Down 2.0 %
Shares of NYSEAMERICAN:IMO traded down $1.43 on Friday, hitting $70.84. The company had a trading volume of 329,051 shares, compared to its average volume of 433,502. The company has a market cap of $36.06 billion, a PE ratio of 10.75 and a beta of 1.44. The stock's 50 day moving average is $69.30. Imperial Oil Limited has a 1-year low of $60.95 and a 1-year high of $80.17. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.
Imperial Oil Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, March 5th. This is a boost from Imperial Oil's previous quarterly dividend of $0.43. Imperial Oil's payout ratio is currently 25.80%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on IMO shares. Wolfe Research downgraded shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. The Goldman Sachs Group cut Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday. JPMorgan Chase & Co. lowered Imperial Oil from a "neutral" rating to an "underweight" rating in a report on Thursday, December 19th. Finally, Scotiabank upgraded Imperial Oil to a "hold" rating in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $109.00.
Check Out Our Latest Report on IMO
Imperial Oil Profile
(
Free Report)
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.
Further Reading
Before you consider Imperial Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Imperial Oil wasn't on the list.
While Imperial Oil currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
