Captrust Financial Advisors purchased a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,991 shares of the energy company's stock, valued at approximately $246,000.
Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in Imperial Oil by 16.9% in the 4th quarter. FMR LLC now owns 43,162,088 shares of the energy company's stock valued at $2,659,965,000 after acquiring an additional 6,228,461 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Imperial Oil by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company's stock valued at $67,634,000 after purchasing an additional 244,176 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Imperial Oil by 29.0% in the fourth quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company's stock valued at $58,212,000 after purchasing an additional 212,707 shares in the last quarter. Guardian Partners Inc. bought a new position in Imperial Oil in the 4th quarter worth approximately $10,890,000. Finally, Raymond James Financial Inc. bought a new position in Imperial Oil in the 4th quarter worth approximately $7,982,000. 20.74% of the stock is owned by institutional investors and hedge funds.
Imperial Oil Stock Up 0.9%
NYSEAMERICAN IMO traded up $0.65 on Tuesday, reaching $72.34. The company had a trading volume of 239,006 shares, compared to its average volume of 450,653. The company's fifty day moving average is $68.47 and its 200-day moving average is $69.90. The firm has a market capitalization of $36.82 billion, a price-to-earnings ratio of 10.98 and a beta of 1.44. 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 Limited has a 1-year low of $58.76 and a 1-year high of $80.17.
Imperial Oil Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th will be paid a $0.523 dividend. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. This represents a $2.09 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, June 4th. Imperial Oil's dividend payout ratio (DPR) is 25.80%.
Wall Street Analyst Weigh In
IMO has been the subject of several recent research reports. Raymond James reissued an "outperform" rating on shares of Imperial Oil in a report on Monday, May 5th. Wolfe Research raised shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research note on Monday, April 21st. 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 raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Finally, The Goldman Sachs Group downgraded Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $106.33.
Check Out Our Latest Report on Imperial Oil
Imperial Oil Company Profile
(
Free Report)
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.
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