Intech Investment Management LLC Has $2.66 Million Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Intech Investment Management LLC raised its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 110.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,179 shares of the energy company's stock after purchasing an additional 22,664 shares during the period. Intech Investment Management LLC's holdings in Imperial Oil were worth $2,660,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Winch Advisory Services LLC acquired a new stake in Imperial Oil during the 4th quarter worth approximately $26,000. BNP Paribas Financial Markets acquired a new stake in shares of Imperial Oil in the third quarter worth $28,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Imperial Oil in the 4th quarter valued at $41,000. Allworth Financial LP lifted its holdings 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Imperial Oil during the 3rd quarter worth $137,000. Hedge funds and other institutional investors own 20.74% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wolfe Research lowered shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered shares of Imperial Oil from a "neutral" rating to an "underweight" rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $109.00.

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Imperial Oil Stock Performance

Shares of Imperial Oil stock traded up $1.58 during trading hours on Monday, reaching $72.79. The company's stock had a trading volume of 316,453 shares, compared to its average volume of 432,720. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a one year low of $60.95 and a one year high of $80.17. The business's 50 day moving average price is $68.46. The stock has a market capitalization of $37.05 billion, a PE ratio of 11.05 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. This is an increase from Imperial Oil's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.99 annualized dividend and a dividend yield of 2.73%. Imperial Oil's 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.