Gotham Asset Management LLC decreased its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 59.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,755 shares of the energy company's stock after selling 14,080 shares during the period. Gotham Asset Management LLC's holdings in Imperial Oil were worth $601,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IMO. Wingate Wealth Advisors Inc. bought a new position in shares of Imperial Oil during the 4th quarter valued at approximately $41,000. Allworth Financial LP grew its position 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 valued at $100,000 after acquiring an additional 283 shares during the period. Barclays PLC grew its position in shares of Imperial Oil by 27.8% during the 3rd quarter. Barclays PLC now owns 2,838 shares of the energy company's stock valued at $200,000 after acquiring an additional 617 shares during the period. Natixis bought a new position in shares of Imperial Oil during the 4th quarter valued at approximately $190,000. Finally, Quantbot Technologies LP bought a new position in shares of Imperial Oil during the 4th quarter valued at approximately $193,000. Hedge funds and other institutional investors own 20.74% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $101.00 target price on shares of Imperial Oil in a research report on Thursday, April 3rd. Wolfe Research raised shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a report on Monday, April 21st. The Goldman Sachs Group downgraded shares of Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Finally, Raymond James reaffirmed an "outperform" rating on shares of Imperial Oil in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $106.33.
Read Our Latest Report on IMO
Imperial Oil Price Performance
Shares of Imperial Oil stock traded up $0.48 on Friday, hitting $71.69. 304,546 shares of the company traded hands, compared to its average volume of 451,503. The firm's 50-day simple moving average is $68.42 and its 200 day simple moving average is $69.87. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market cap of $36.49 billion, a P/E ratio of 10.88 and a beta of 1.44. Imperial Oil Limited has a 12-month low of $58.76 and a 12-month high of $80.17.
Imperial Oil Increases Dividend
The company 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 2.92%. The ex-dividend date of this dividend is Wednesday, June 4th. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's dividend payout ratio is currently 25.80%.
Imperial Oil Company Profile
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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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