Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP lifted its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 522.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,126 shares of the energy company's stock after buying an additional 168,831 shares during the quarter. Bridgewater Associates LP's holdings in Imperial Oil were worth $14,166,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IMO. RFP Financial Group LLC purchased a new position in Imperial Oil during the 2nd quarter worth approximately $25,000. BNP Paribas Financial Markets purchased a new position in shares of Imperial Oil during the third quarter worth approximately $28,000. Grove Bank & Trust increased its holdings in shares of Imperial Oil by 438.0% in the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company's stock valued at $38,000 after acquiring an additional 438 shares during the period. Hexagon Capital Partners LLC raised its position in Imperial Oil by 45.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company's stock valued at $49,000 after purchasing an additional 225 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Imperial Oil by 21.0% during 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 during the period. Hedge funds and other institutional investors own 20.74% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IMO. StockNews.com downgraded shares of Imperial Oil from a "buy" rating to a "hold" rating in a research note on Wednesday, August 28th. Scotiabank reaffirmed 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $109.00.

Imperial Oil Stock Down 0.7 %

Shares of IMO stock traded down $0.50 during mid-day trading on Thursday, hitting $73.14. The stock had a trading volume of 317,123 shares, compared to its average volume of 395,139. The stock has a market capitalization of $37.88 billion, a PE ratio of 10.90 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. Imperial Oil Limited has a fifty-two week low of $52.97 and a fifty-two week high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be issued a $0.4304 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.35%. Imperial Oil's dividend payout ratio is currently 26.53%.

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.