Grantham Mayo Van Otterloo & Co. LLC Has $1.72 Million Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Grantham Mayo Van Otterloo & Co. LLC cut its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 73.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,909 shares of the energy company's stock after selling 76,544 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Imperial Oil were worth $1,719,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Imperial Oil by 9.1% in the third 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 in the last quarter. Mediolanum International Funds Ltd boosted its holdings in Imperial Oil by 42.8% in the 4th quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company's stock valued at $874,000 after purchasing an additional 4,308 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Imperial Oil during the 3rd quarter worth approximately $28,000. JPMorgan Chase & Co. grew its position in shares of Imperial Oil by 29.0% during the 4th quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company's stock worth $58,212,000 after purchasing an additional 212,707 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Imperial Oil by 27.8% during the third quarter. Barclays PLC now owns 2,838 shares of the energy company's stock worth $200,000 after purchasing an additional 617 shares during the period. 20.74% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $101.00 price target on shares of Imperial Oil in a research report on Thursday, April 3rd. Raymond James raised Imperial Oil from a "market perform" rating to an "outperform" rating in a report on Wednesday. Wolfe Research cut Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. The Goldman Sachs Group cut shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. 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 equities 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's stock. Based on data from MarketBeat.com, Imperial Oil currently has a consensus rating of "Hold" and a consensus price target of $106.33.

Imperial Oil Price Performance

Shares of IMO stock traded up $2.31 on Friday, hitting $62.58. 615,047 shares of the company's stock were exchanged, compared to its average volume of 441,953. The company has a 50 day moving average of $68.41 and a 200 day moving average of $70.04. The stock has a market cap of $31.86 billion, a P/E ratio of 9.50 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $80.17.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th were issued a $0.4972 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.99 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Imperial Oil's previous quarterly dividend of $0.43. 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.