Fmr LLC Raises Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

FMR LLC grew its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,162,088 shares of the energy company's stock after purchasing an additional 6,228,461 shares during the quarter. FMR LLC owned about 8.48% of Imperial Oil worth $2,659,965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of Imperial Oil by 8.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 63,193 shares of the energy company's stock valued at $3,893,000 after acquiring an additional 5,181 shares during the last quarter. Aviva PLC raised its stake in Imperial Oil by 1,563.0% during the fourth quarter. Aviva PLC now owns 109,543 shares of the energy company's stock worth $6,738,000 after purchasing an additional 102,956 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Imperial Oil in the 4th quarter valued at about $415,000. Wells Fargo & Company MN grew its stake in shares of Imperial Oil by 7.3% in the 4th quarter. Wells Fargo & Company MN now owns 9,630 shares of the energy company's stock valued at $593,000 after buying an additional 653 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Imperial Oil by 29.0% during the 4th quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company's stock worth $67,634,000 after buying an additional 244,176 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

Imperial Oil Trading Up 3.7 %

NYSEAMERICAN:IMO traded up $2.23 on Friday, reaching $62.50. 268,642 shares of the company's stock were exchanged, compared to its average volume of 441,297. The firm has a market capitalization of $31.82 billion, a price-to-earnings ratio of 9.45 and a beta of 1.44. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week 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 business has a fifty day moving average of $68.57 and a 200-day moving average of $70.10.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.4972 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Imperial Oil's previous quarterly dividend of $0.43. This represents a $1.99 dividend on an annualized basis and a yield of 3.18%. Imperial Oil's dividend payout ratio is 25.80%.

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.