Bridgewater Associates LP Acquires 79,907 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Bridgewater Associates LP grew its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 39.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 281,033 shares of the energy company's stock after purchasing an additional 79,907 shares during the quarter. Bridgewater Associates LP owned about 0.06% of Imperial Oil worth $17,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC bought a new stake in Imperial Oil in the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets acquired a new stake in Imperial Oil during the 3rd quarter valued at $28,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Imperial Oil in the fourth quarter valued at $41,000. Allworth Financial LP raised its position in shares of Imperial Oil by 21.0% in the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock valued at $100,000 after purchasing an additional 283 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Imperial Oil during the 3rd quarter worth about $137,000. Institutional investors own 20.74% of the company's stock.

Imperial Oil Price Performance

Shares of NYSEAMERICAN IMO traded up $0.73 during mid-day trading on Monday, reaching $64.43. The company had a trading volume of 182,471 shares, compared to its average volume of 444,221. The firm has a market cap of $32.80 billion, a price-to-earnings ratio of 9.78 and a beta of 1.44. The business's 50-day simple moving average is $67.83 and its 200 day simple moving average is $69.82. Imperial Oil Limited has a one year low of $58.76 and a one year high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th were given a $0.4972 dividend. The ex-dividend date was Wednesday, March 5th. This is a boost from Imperial Oil's previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a dividend yield of 3.09%. Imperial Oil's payout ratio is presently 25.80%.

Analyst Ratings Changes

Several research firms have weighed in on IMO. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Royal Bank of Canada reiterated a "sector perform" rating and set a $101.00 target price on shares of Imperial Oil in a research note on Thursday, April 3rd. The Goldman Sachs Group lowered Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Raymond James raised Imperial Oil from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Finally, Wolfe Research upgraded shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Imperial Oil currently has a consensus rating of "Hold" and a consensus price target of $106.33.

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.