Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 96.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,515 shares of the energy company's stock after purchasing an additional 10,080 shares during the period. Intech Investment Management LLC's holdings in Imperial Oil were worth $1,445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IMO. RFP Financial Group LLC purchased a new position in shares of Imperial Oil during the 2nd quarter valued at about $25,000. Grove Bank & Trust lifted its position in shares of Imperial Oil by 438.0% during the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company's stock valued at $38,000 after buying an additional 438 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Imperial Oil by 45.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company's stock worth $49,000 after purchasing an additional 225 shares in the last quarter. Allworth Financial LP lifted its holdings in Imperial Oil by 21.0% in the 3rd quarter. Allworth Financial LP now owns 1,347 shares of the energy company's stock worth $95,000 after purchasing an additional 234 shares in the last quarter. Finally, Oakworth Capital Inc. purchased a new position in Imperial Oil in the 3rd quarter worth approximately $101,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. StockNews.com cut Imperial Oil from a "buy" rating to a "hold" rating in a report on Wednesday, August 28th. Scotiabank reaffirmed a "sector perform" rating and set 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $109.00.

Imperial Oil Price Performance

Shares of IMO traded down $2.04 during midday trading on Tuesday, reaching $73.64. 396,357 shares of the stock were exchanged, compared to its average volume of 395,480. Imperial Oil Limited has a 52 week low of $52.97 and a 52 week high of $80.17. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $38.14 billion, a price-to-earnings ratio of 10.97 and a beta of 1.44.

Imperial Oil Cuts Dividend

The business also recently disclosed 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. This represents a $1.72 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil's payout ratio is currently 26.53%.

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.