D. E. Shaw & Co. Inc. Boosts Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

D. E. Shaw & Co. Inc. boosted its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,878 shares of the energy company's stock after purchasing an additional 8,588 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Imperial Oil were worth $3,935,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mediolanum International Funds Ltd increased its stake in Imperial Oil by 42.8% during the 4th quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company's stock worth $874,000 after buying an additional 4,308 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Imperial Oil by 29.0% in the 4th 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 during the last quarter. Stevens Capital Management LP purchased a new position in Imperial Oil in the 4th quarter valued at $258,000. Envestnet Asset Management Inc. boosted its stake in Imperial Oil by 8.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 63,193 shares of the energy company's stock worth $3,893,000 after purchasing an additional 5,181 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Imperial Oil during the fourth quarter worth $7,982,000. 20.74% of the stock is owned by institutional investors and hedge funds.

Imperial Oil Stock Up 0.2%

Shares of NYSEAMERICAN IMO traded up $0.12 during mid-day trading on Wednesday, reaching $72.05. The company had a trading volume of 254,992 shares, compared to its average volume of 450,293. The firm has a 50 day simple moving average of $68.24 and a two-hundred day simple moving average of $69.84. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $80.17. 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 stock has a market cap of $36.68 billion, a P/E ratio of 10.93 and a beta of 1.44.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th will be issued a $0.523 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from Imperial Oil's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil's payout ratio is presently 25.80%.

Wall Street Analyst Weigh In

IMO has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. Royal Bank of Canada restated a "sector perform" rating and set a $101.00 target price on shares of Imperial Oil in a report on Thursday, April 3rd. Wolfe Research upgraded Imperial Oil from a "peer perform" rating to an "outperform" rating in a research report on Monday, April 21st. Raymond James restated an "outperform" rating on shares of Imperial Oil in a report on Monday, May 5th. Finally, Scotiabank upgraded Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Two research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $106.33.

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.