D. E. Shaw & Co. Inc. Purchases 8,588 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

D. E. Shaw & Co. Inc. boosted its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,878 shares of the energy company's stock after acquiring an additional 8,588 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Imperial Oil were worth $3,935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of 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 purchasing an additional 6,228,461 shares during the period. TD Asset Management Inc. boosted its holdings in shares of Imperial Oil by 2.2% in the 4th quarter. TD Asset Management Inc. now owns 4,825,945 shares of the energy company's stock worth $297,268,000 after acquiring an additional 105,970 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Imperial Oil by 1.1% in the 4th quarter. Bank of America Corp DE now owns 2,398,899 shares of the energy company's stock worth $147,772,000 after acquiring an additional 26,891 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Imperial Oil by 29.0% in the 4th quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company's stock worth $67,634,000 after acquiring an additional 244,176 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Imperial Oil by 29.0% in the 4th quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company's stock worth $58,212,000 after acquiring an additional 212,707 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IMO shares. Raymond James reiterated an "outperform" rating on shares of Imperial Oil in a report on Monday, May 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $101.00 target price on shares of Imperial Oil in a research note on Thursday, April 3rd. The Goldman Sachs Group cut shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. Wolfe Research raised shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research note on Monday, April 21st. Finally, Scotiabank raised shares of Imperial Oil to a "hold" rating in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $106.33.

Imperial Oil Stock Up 0.7%

NYSEAMERICAN:IMO traded up $0.48 during trading hours on Friday, reaching $71.69. 304,546 shares of the stock were exchanged, compared to its average volume of 450,634. Imperial Oil Limited has a twelve month low of $58.76 and a twelve month high of $80.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. The firm has a 50 day moving average of $68.42 and a 200 day moving average of $69.87. The stock has a market cap of $36.49 billion, a PE ratio of 10.88 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.523 per share. The ex-dividend date is Wednesday, June 4th. This represents a $2.09 dividend on an annualized basis and a yield of 2.92%. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's dividend payout ratio is 25.80%.

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.