Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 36.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,560 shares of the energy company's stock after selling 22,176 shares during the quarter. Wellington Management Group LLP's holdings in Imperial Oil were worth $2,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Wingate Wealth Advisors Inc. purchased a new position in Imperial Oil during the 4th quarter valued at $41,000. Group One Trading LLC lifted its stake in Imperial Oil by 29.7% during the 4th quarter. Group One Trading LLC now owns 755 shares of the energy company's stock valued at $47,000 after acquiring an additional 173 shares during the period. Allworth Financial LP lifted its holdings 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 buying an additional 283 shares during the period. Natixis bought a new stake in Imperial Oil during the fourth 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. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Stock Up 0.8%

NYSEAMERICAN:IMO traded up $0.58 during midday trading on Friday, hitting $73.54. 477,205 shares of the company were exchanged, compared to its average volume of 451,011. Imperial Oil Limited has a fifty-two week low of $58.76 and a fifty-two 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 company has a market capitalization of $37.44 billion, a PE ratio of 11.16 and a beta of 1.44. The company has a fifty day simple moving average of $68.47 and a 200 day simple moving average of $70.00.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.523 per share. This is a boost from Imperial Oil's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, June 4th. This represents a $2.09 annualized dividend and a dividend yield of 2.84%. Imperial Oil's dividend payout ratio (DPR) is 25.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IMO shares. Raymond James reissued an "outperform" rating on shares of Imperial Oil in a research note on Monday, May 5th. Royal Bank of Canada restated a "sector perform" rating and issued a $101.00 price objective on shares of Imperial Oil in a report on Thursday, April 3rd. Scotiabank upgraded Imperial Oil to a "hold" rating in a research note on Wednesday, March 19th. Wolfe Research upgraded shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research note on Monday, April 21st. Finally, Desjardins lowered Imperial Oil from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Imperial Oil presently has a consensus rating of "Hold" and a consensus target price of $106.33.

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.