TD Asset Management Inc. grew its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,825,945 shares of the energy company's stock after purchasing an additional 105,970 shares during the period. TD Asset Management Inc. owned approximately 0.95% of Imperial Oil worth $297,268,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of IMO. Signaturefd LLC lifted its position in shares of Imperial Oil by 2.0% during the fourth 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 raised its position in Imperial Oil by 4.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company's stock worth $241,000 after purchasing an additional 163 shares during the last quarter. Gold Investment Management Ltd. lifted its holdings in Imperial Oil by 0.7% during the 4th 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 in the last quarter. OLD National Bancorp IN boosted its position in Imperial Oil by 5.0% in the 4th 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 during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock valued at $100,000 after buying an additional 283 shares during the period. 20.74% of the stock is owned by institutional investors and hedge funds.
Imperial Oil Price Performance
Shares of Imperial Oil stock traded down $1.43 during trading on Friday, hitting $70.84. 329,051 shares of the company were exchanged, compared to its average volume of 433,503. 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 company has a market capitalization of $36.06 billion, a price-to-earnings ratio of 10.75 and a beta of 1.44. The stock has a fifty day moving average price of $69.30. Imperial Oil Limited has a 1-year low of $60.95 and a 1-year high of $80.17.
Imperial Oil Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be issued a $0.4972 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Imperial Oil's previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a yield of 2.81%. Imperial Oil's dividend payout ratio (DPR) is 25.80%.
Wall Street Analyst Weigh In
IMO has been the topic of several recent research reports. The Goldman Sachs Group cut Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday. Wolfe Research lowered shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered shares of Imperial Oil from a "neutral" rating to an "underweight" rating in a report on Thursday, December 19th. Finally, Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Imperial Oil has a consensus rating of "Hold" and a consensus price target of $109.00.
Check Out Our Latest Stock Report on IMO
About Imperial Oil
(
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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