Envestnet Asset Management Inc. Purchases 5,106 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Envestnet Asset Management Inc. raised its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 8.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,299 shares of the energy company's stock after purchasing an additional 5,106 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Imperial Oil were worth $4,939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC boosted its holdings in shares of Imperial Oil by 16.9% in the fourth 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 during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Imperial Oil in the fourth quarter valued at approximately $19,507,000. Geode Capital Management LLC boosted its holdings in shares of Imperial Oil by 29.0% in 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 acquiring an additional 244,176 shares during the period. JPMorgan Chase & Co. boosted 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 acquiring an additional 212,707 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Imperial Oil in the fourth quarter valued at approximately $7,982,000. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Performance

Shares of IMO stock traded down $0.41 during trading on Friday, reaching $83.68. The company had a trading volume of 364,459 shares, compared to its average volume of 334,886. The firm's 50 day simple moving average is $77.99 and its two-hundred day simple moving average is $71.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.48 and a quick ratio of 1.22. Imperial Oil Limited has a one year low of $58.76 and a one year high of $85.02. The company has a market capitalization of $42.60 billion, a PE ratio of 12.51 and a beta of 0.89.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.523 per share. This represents a $2.09 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was 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 presently 31.87%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wolfe Research lowered shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday. Desjardins downgraded Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Raymond James Financial downgraded Imperial Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 3rd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $101.00 target price on shares of Imperial Oil in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group downgraded Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $105.50.

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.