American Century Companies Inc. Boosts Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

American Century Companies Inc. raised its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,555 shares of the energy company's stock after purchasing an additional 4,297 shares during the quarter. American Century Companies Inc.'s holdings in Imperial Oil were worth $5,088,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IMO. Geode Capital Management LLC grew its position in shares of Imperial Oil by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company's stock valued at $59,502,000 after acquiring an additional 70,357 shares during the period. Mediolanum International Funds Ltd boosted its position in Imperial Oil by 42.8% during the fourth quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company's stock worth $874,000 after purchasing an additional 4,308 shares in the last quarter. National Bank of Canada FI grew its holdings in 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 period. BNP Paribas Financial Markets purchased a new stake in shares of Imperial Oil in the third quarter valued at approximately $28,000. Finally, Barclays PLC raised its stake in shares of Imperial Oil by 27.8% during the 3rd quarter. Barclays PLC now owns 2,838 shares of the energy company's stock worth $200,000 after buying an additional 617 shares during the period. 20.74% of the stock is owned by institutional investors and hedge funds.

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Imperial Oil Trading Up 7.3 %

NYSEAMERICAN:IMO traded up $4.39 on Wednesday, reaching $64.61. The company's stock had a trading volume of 964,996 shares, compared to its average volume of 441,356. The firm has a market cap of $32.89 billion, a price-to-earnings ratio of 9.80 and a beta of 1.44. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 12-month low of $58.79 and a 12-month high of $80.17. The stock has a 50 day moving average price of $68.77 and a 200 day moving average price of $70.12.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th were given a dividend of $0.4972 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Imperial Oil's previous quarterly dividend of $0.43. This represents a $1.99 dividend on an annualized basis and a dividend yield of 3.08%. Imperial Oil's dividend payout ratio (DPR) is currently 25.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Imperial Oil from a "neutral" rating to an "underweight" rating in a research note on Thursday, December 19th. Raymond James raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating in a research note on Wednesday. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. The Goldman Sachs Group cut Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $101.00 target price on shares of Imperial Oil in a report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $106.33.

Imperial Oil 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.