Cubist Systematic Strategies LLC Buys Shares of 26,909 Imperial Oil Limited (NYSEAMERICAN:IMO)

Cubist Systematic Strategies LLC bought a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,909 shares of the energy company's stock, valued at approximately $1,657,000.

Other hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC acquired a new stake in shares of Imperial Oil in the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new position in Imperial Oil in the 4th quarter valued at approximately $41,000. Allworth Financial LP raised its stake 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 worth $100,000 after buying an additional 283 shares during the last quarter. Natixis purchased a new stake in shares of Imperial Oil in the fourth quarter valued at about $190,000. Finally, Quantbot Technologies LP purchased a new position in Imperial Oil during the fourth quarter worth $193,000. Institutional investors and hedge funds own 20.74% of the company's stock.

Imperial Oil Trading Up 0.2%

IMO stock traded up $0.17 during trading on Friday, hitting $72.50. The company had a trading volume of 286,977 shares, compared to its average volume of 449,732. The stock has a market cap of $36.91 billion, a price-to-earnings ratio of 11.00 and a beta of 1.44. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $67.92 and a 200-day moving average price of $69.80. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $80.17.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th will be paid a $0.523 dividend. This represents a $2.09 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, June 4th. This is a positive change from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's dividend payout ratio (DPR) is 25.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James reiterated an "outperform" rating on shares of Imperial Oil in a research note on Monday, May 5th. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Scotiabank raised Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Wolfe Research upgraded shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research report on Monday, April 21st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $101.00 price target on shares of Imperial Oil in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Imperial Oil presently has a consensus rating of "Hold" and an average price target of $106.33.

About Imperial Oil

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.