Aviva PLC Has $6.74 Million Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Aviva PLC increased its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 1,563.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,543 shares of the energy company's stock after purchasing an additional 102,956 shares during the quarter. Aviva PLC's holdings in Imperial Oil were worth $6,738,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IMO. BNP Paribas Financial Markets acquired a new stake in Imperial Oil in the third quarter valued at about $28,000. Winch Advisory Services LLC acquired a new stake in shares of Imperial Oil in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Imperial Oil during the 4th quarter valued at approximately $41,000. Allworth Financial LP increased its position in Imperial Oil by 21.0% during the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock worth $100,000 after purchasing an additional 283 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Imperial Oil in the 3rd quarter valued at approximately $137,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Trading Up 0.1 %

Imperial Oil stock traded up $0.08 during mid-day trading on Monday, hitting $62.66. 36,417 shares of the stock were exchanged, compared to its average volume of 440,541. The stock has a market capitalization of $31.90 billion, a price-to-earnings ratio of 9.51 and a beta of 1.44. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $80.17. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The firm's fifty day simple moving average is $68.41 and its two-hundred day simple moving average is $70.04.

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Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th were paid a $0.4972 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.99 annualized dividend and a dividend yield of 3.17%. This is a positive change from Imperial Oil's previous quarterly dividend of $0.43. Imperial Oil's payout ratio is currently 25.80%.

Analyst Ratings Changes

Several brokerages have recently issued reports on IMO. Raymond James upgraded shares of Imperial Oil from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Wolfe Research downgraded Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $101.00 price target on shares of Imperial Oil in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $106.33.

Imperial Oil Company 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.