Holocene Advisors LP Invests $5.33 Million in Imperial Oil Limited (NYSEAMERICAN:IMO)

Holocene Advisors LP bought a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,690 shares of the energy company's stock, valued at approximately $5,332,000.

Several other institutional investors have also recently made changes to their positions in IMO. FMR LLC increased its stake in shares of Imperial Oil by 3.7% during the third quarter. FMR LLC now owns 36,933,627 shares of the energy company's stock valued at $2,598,604,000 after purchasing an additional 1,331,235 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Imperial Oil by 8.4% in the third quarter. The Manufacturers Life Insurance Company now owns 4,420,002 shares of the energy company's stock worth $311,175,000 after acquiring an additional 341,689 shares during the period. TD Asset Management Inc lifted its holdings in Imperial Oil by 12.2% during the second quarter. TD Asset Management Inc now owns 3,796,660 shares of the energy company's stock valued at $258,817,000 after purchasing an additional 412,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Imperial Oil by 9.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,107,250 shares of the energy company's stock valued at $148,235,000 after purchasing an additional 187,158 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Imperial Oil by 10,896.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 867,174 shares of the energy company's stock worth $59,135,000 after buying an additional 859,288 shares in the last quarter. Institutional investors own 20.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IMO shares. StockNews.com downgraded shares of Imperial Oil from a "buy" rating to a "hold" rating in a research note on Wednesday, August 28th. Scotiabank restated a "sector perform" rating and set a $110.00 price objective on shares of Imperial Oil in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $109.00.

Imperial Oil Stock Up 2.3 %

IMO stock traded up $1.66 during mid-day trading on Thursday, reaching $72.89. The company had a trading volume of 273,812 shares, compared to its average volume of 410,164. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. The company has a market cap of $37.75 billion, a price-to-earnings ratio of 10.62 and a beta of 1.42. Imperial Oil Limited has a 52 week low of $52.97 and a 52 week high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be given a dividend of $0.4304 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.36%. Imperial Oil's payout ratio is 26.38%.

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.