Erste Asset Management GmbH Purchases New Shares in Imperial Oil Limited (NYSEAMERICAN:IMO)

Erste Asset Management GmbH bought a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 127,050 shares of the energy company's stock, valued at approximately $8,917,000.

Other institutional investors have also recently bought and sold shares of the company. Point72 Europe London LLP boosted its stake in shares of Imperial Oil by 131.2% in the third quarter. Point72 Europe London LLP now owns 356,972 shares of the energy company's stock valued at $25,134,000 after purchasing an additional 202,590 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in Imperial Oil by 1.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 207,893 shares of the energy company's stock valued at $14,627,000 after acquiring an additional 2,065 shares during the last quarter. Bridgewater Associates LP boosted its stake in Imperial Oil by 522.8% during the 3rd quarter. Bridgewater Associates LP now owns 201,126 shares of the energy company's stock valued at $14,166,000 after acquiring an additional 168,831 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Imperial Oil during the 3rd quarter valued at $28,000. Finally, FMR LLC boosted its stake in Imperial Oil by 3.7% during the 3rd quarter. FMR LLC now owns 36,933,627 shares of the energy company's stock valued at $2,598,604,000 after acquiring an additional 1,331,235 shares during the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Price Performance

Shares of NYSEAMERICAN IMO traded down $0.74 during mid-day trading on Monday, reaching $73.18. The company had a trading volume of 4,151,356 shares, compared to its average volume of 410,332. The firm has a market capitalization of $37.90 billion, a price-to-earnings ratio of 11.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23. Imperial Oil Limited has a 12-month low of $52.97 and a 12-month high of $80.17.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a $0.4304 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.35%. Imperial Oil's payout ratio is 26.53%.

Analyst Ratings Changes

A number of analysts have weighed in on IMO shares. StockNews.com cut 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 report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Imperial Oil has an average rating of "Hold" and an average price target of $109.00.

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.