Amundi Buys 3,275 Shares of Imperial Oil Limited $IMO

Amundi boosted its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 617,706 shares of the energy company's stock after purchasing an additional 3,275 shares during the quarter. Amundi owned about 0.12% of Imperial Oil worth $42,368,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Group One Trading LLC boosted its position in shares of Imperial Oil by 29.7% during 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 last quarter. Gold Investment Management Ltd. boosted its position in shares of Imperial Oil by 0.6% during the first quarter. Gold Investment Management Ltd. now owns 28,082 shares of the energy company's stock valued at $2,029,000 after buying an additional 178 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Imperial Oil by 88.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company's stock valued at $39,000 after buying an additional 255 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Imperial Oil by 2.0% during the first quarter. Stephens Inc. AR now owns 14,861 shares of the energy company's stock valued at $1,075,000 after buying an additional 290 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Imperial Oil in the first quarter worth $26,000. 20.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wolfe Research lowered Imperial Oil from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 23rd. Tudor Pickering lowered Imperial Oil from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Zacks Research upgraded Imperial Oil from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Raymond James Financial lowered Imperial Oil from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Imperial Oil in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Imperial Oil currently has an average rating of "Hold" and a consensus price target of $105.50.

Imperial Oil Trading Up 0.1%

Shares of NYSEAMERICAN:IMO traded up $0.05 during trading hours on Thursday, hitting $91.52. 209,380 shares of the company's stock traded hands, compared to its average volume of 446,893. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $92.15. The business has a fifty day moving average price of $84.78 and a 200-day moving average price of $75.60. The firm has a market capitalization of $45.94 billion, a P/E ratio of 14.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.34.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Thursday, September 4th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.1%. This is a boost from Imperial Oil's previous quarterly dividend of $0.52. The ex-dividend date is Thursday, September 4th. Imperial Oil's dividend payout ratio (DPR) is presently 31.56%.

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.