Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 104.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,736 shares of the energy company's stock after purchasing an additional 30,965 shares during the period. Wellington Management Group LLP's holdings in Imperial Oil were worth $4,278,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Stifel Financial Corp increased its position in Imperial Oil by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 100,050 shares of the energy company's stock worth $7,049,000 after purchasing an additional 1,543 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Imperial Oil by 4.5% during the third quarter. Integrated Wealth Concepts LLC now owns 9,640 shares of the energy company's stock worth $679,000 after acquiring an additional 416 shares during the last quarter. Holocene Advisors LP purchased a new stake in Imperial Oil in the 3rd quarter worth approximately $5,332,000. Erste Asset Management GmbH acquired a new position in Imperial Oil in the 3rd quarter valued at $8,917,000. Finally, Point72 Europe London LLP lifted its stake in shares of Imperial Oil by 131.2% during the 3rd quarter. Point72 Europe London LLP now owns 356,972 shares of the energy company's stock worth $25,134,000 after purchasing an additional 202,590 shares during the period. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IMO has been the topic of several research analyst reports. StockNews.com cut shares of Imperial Oil from a "buy" rating to a "hold" rating in a research report on Wednesday, August 28th. Scotiabank reiterated a "sector perform" rating and issued a $110.00 target price on shares of Imperial Oil in a research note on Wednesday, September 25th.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO traded down $1.68 on Wednesday, reaching $64.22. The stock had a trading volume of 410,569 shares, compared to its average volume of 409,927. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23. The stock has a market cap of $32.92 billion, a P/E ratio of 9.57 and a beta of 1.42. Imperial Oil Limited has a 12-month low of $54.58 and a 12-month high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.4304 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 2.68%. Imperial Oil's dividend payout ratio (DPR) is presently 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.