Guardian Partners Inc. purchased a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 164,432 shares of the energy company's stock, valued at approximately $10,890,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Imperial Oil by 2.0% during the 4th quarter. Signaturefd LLC now owns 7,648 shares of the energy company's stock worth $471,000 after purchasing an additional 150 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Imperial Oil by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company's stock worth $241,000 after buying an additional 163 shares in the last quarter. Gold Investment Management Ltd. grew its position in Imperial Oil by 0.7% during the fourth quarter. Gold Investment Management Ltd. now owns 27,904 shares of the energy company's stock worth $1,719,000 after buying an additional 186 shares during the period. OLD National Bancorp IN increased its holdings in Imperial Oil by 5.0% in the fourth quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company's stock valued at $241,000 after buying an additional 187 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Imperial Oil by 21.0% during the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock valued at $100,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 20.74% of the company's stock.
Analysts Set New Price Targets
IMO has been the topic of a number of research reports. Scotiabank upgraded Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. The Goldman Sachs Group lowered Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday. JPMorgan Chase & Co. downgraded Imperial Oil from a "neutral" rating to an "underweight" rating in a research note on Thursday, December 19th. Finally, Wolfe Research cut shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $109.00.
View Our Latest Research Report on IMO
Imperial Oil Trading Down 1.2 %
Shares of NYSEAMERICAN IMO traded down $0.89 during midday trading on Thursday, reaching $72.27. 330,404 shares of the stock were exchanged, compared to its average volume of 432,640. The stock's 50 day simple moving average is $69.21. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. The stock has a market capitalization of $36.79 billion, a P/E ratio of 10.97 and a beta of 1.44. Imperial Oil Limited has a 52-week low of $60.95 and a 52-week high of $80.17.
Imperial Oil Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be given a $0.4972 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Imperial Oil's previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a dividend yield of 2.75%. Imperial Oil's dividend payout ratio (DPR) is currently 25.80%.
Imperial Oil Profile
(
Free Report)
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.
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