Imperial Oil Limited $IMO Shares Purchased by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its stake in Imperial Oil Limited by 27.0%, holding 22,579 shares valued at approximately $1.8 million at the end of Q2.
• Imperial Oil recently announced a quarterly dividend increase from $0.52 to $0.72 per share, resulting in an annualized dividend yield of 3.4%.
• Analysts have mixed opinions on Imperial Oil, with one "Buy" rating, six "Hold" ratings, and five "Sell" ratings, leading to a consensus rating of "Reduce" with a target price of $115.00.

Generali Asset Management SPA SGR boosted its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,579 shares of the energy company's stock after purchasing an additional 4,800 shares during the period. Generali Asset Management SPA SGR's holdings in Imperial Oil were worth $1,795,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Yousif Capital Management LLC purchased a new stake in shares of Imperial Oil in the 1st quarter valued at approximately $226,000. Bessemer Group Inc. raised its stake in shares of Imperial Oil by 198.9% in the 1st quarter. Bessemer Group Inc. now owns 23,690 shares of the energy company's stock valued at $1,713,000 after acquiring an additional 15,765 shares during the period. Amundi raised its stake in shares of Imperial Oil by 0.5% in the 1st quarter. Amundi now owns 617,706 shares of the energy company's stock valued at $42,368,000 after acquiring an additional 3,275 shares during the period. Northern Trust Corp raised its stake in shares of Imperial Oil by 2.0% in the 1st quarter. Northern Trust Corp now owns 199,021 shares of the energy company's stock valued at $14,393,000 after acquiring an additional 3,889 shares during the period. Finally, PDS Planning Inc purchased a new stake in Imperial Oil during the 2nd quarter worth approximately $237,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IMO has been the subject of several analyst reports. Royal Bank Of Canada boosted their price target on shares of Imperial Oil from $108.00 to $115.00 and gave the stock a "sector perform" rating in a report on Thursday, September 25th. Wolfe Research cut shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 23rd. Raymond James Financial cut shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 3rd. Zacks Research cut shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. Finally, TD Securities cut shares of Imperial Oil from a "hold" rating to a "sell" rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $115.00.

Imperial Oil Stock Up 0.4%

Shares of Imperial Oil stock opened at $85.04 on Friday. The firm has a fifty day moving average of $88.89 and a two-hundred day moving average of $79.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58. The company has a market cap of $42.68 billion, a P/E ratio of 13.10 and a beta of 0.83. Imperial Oil Limited has a one year low of $58.76 and a one year high of $96.09.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Thursday, September 4th were issued a dividend of $0.72 per share. This is an increase from Imperial Oil's previous quarterly dividend of $0.52. The ex-dividend date was Thursday, September 4th. This represents a $2.88 annualized dividend and a yield of 3.4%. Imperial Oil's payout ratio is 31.87%.

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.

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