USS Investment Management Ltd Invests $3.15 Million in Imperial Oil Limited (NYSEAMERICAN:IMO)

USS Investment Management Ltd bought a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,108 shares of the energy company's stock, valued at approximately $3,152,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC boosted its position in shares of Imperial Oil by 20.1% in the fourth quarter. Voloridge Investment Management LLC now owns 389,248 shares of the energy company's stock valued at $23,978,000 after acquiring an additional 65,011 shares during the period. Twinbeech Capital LP acquired a new position in Imperial Oil during the fourth quarter worth about $845,000. Quantinno Capital Management LP raised its stake in Imperial Oil by 1.0% during the fourth quarter. Quantinno Capital Management LP now owns 65,518 shares of the energy company's stock worth $4,036,000 after acquiring an additional 666 shares in the last quarter. Jefferies Financial Group Inc. increased its stake in shares of Imperial Oil by 59.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 200,053 shares of the energy company's stock valued at $12,322,000 after buying an additional 74,533 shares during the period. Finally, Group One Trading LLC increased its stake in shares of Imperial Oil by 29.7% in the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock valued at $47,000 after buying an additional 173 shares during the period. 20.74% of the stock is owned by institutional investors.

Imperial Oil Stock Performance

Imperial Oil stock traded up $0.65 during midday trading on Tuesday, reaching $72.34. The stock had a trading volume of 239,006 shares, compared to its average volume of 450,652. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $80.17. The firm's 50-day moving average price is $68.45 and its 200 day moving average price is $69.88. The firm has a market capitalization of $36.82 billion, a PE ratio of 10.98 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.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.523 per share. The ex-dividend date is Wednesday, June 4th. This is a boost from Imperial Oil's previous quarterly dividend of $0.50. This represents a $2.09 annualized dividend and a dividend yield of 2.89%. Imperial Oil's dividend payout ratio is currently 25.80%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IMO shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $101.00 price objective on shares of Imperial Oil in a research note on Thursday, April 3rd. Scotiabank upgraded shares of 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 report on Monday, April 21st. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Finally, Raymond James restated an "outperform" rating on shares of Imperial Oil in a report on Monday, May 5th. 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.