Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lessened its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 51.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,168 shares of the energy company's stock after selling 96,115 shares during the period. Two Sigma Investments LP's holdings in Imperial Oil were worth $5,678,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wingate Wealth Advisors Inc. purchased a new stake in Imperial Oil in the 4th quarter valued at approximately $41,000. Group One Trading LLC boosted its holdings in Imperial Oil by 29.7% in the 4th quarter. Group One Trading LLC now owns 755 shares of the energy company's stock valued at $47,000 after purchasing an additional 173 shares in the last quarter. Allworth Financial LP boosted its holdings in Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock valued at $100,000 after purchasing an additional 283 shares in the last quarter. Natixis purchased a new stake in Imperial Oil in the 4th quarter valued at approximately $190,000. Finally, Quantbot Technologies LP purchased a new stake in Imperial Oil in the 4th quarter valued at approximately $193,000. Institutional investors and hedge funds own 20.74% of the company's stock.

Imperial Oil Stock Down 1.3%

NYSEAMERICAN:IMO traded down $0.91 during mid-day trading on Friday, reaching $70.91. The stock had a trading volume of 375,880 shares, compared to its average volume of 450,383. The company has a market capitalization of $36.10 billion, a price-to-earnings ratio of 10.76 and a beta of 1.44. Imperial Oil Limited has a 1-year low of $58.76 and a 1-year high of $80.17. The stock's 50 day simple moving average is $68.41 and its two-hundred day simple moving average is $69.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th will be paid a $0.523 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 2.95%. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil's dividend payout ratio (DPR) is 25.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Raymond James reissued an "outperform" rating on shares of Imperial Oil in a research note on Monday, May 5th. Scotiabank upgraded Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. The Goldman Sachs Group lowered Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $101.00 target price on shares of Imperial Oil in a research report on Thursday, April 3rd. Finally, Wolfe Research raised Imperial Oil from a "peer perform" rating to an "outperform" rating in a research report on Monday, April 21st. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.