Universal Beteiligungs und Servicegesellschaft mbH Invests $19.51 Million in Imperial Oil Limited (NYSEAMERICAN:IMO)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 316,633 shares of the energy company's stock, valued at approximately $19,507,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Imperial Oil at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IMO. Signaturefd LLC increased its holdings in shares of Imperial Oil by 2.0% in the fourth quarter. Signaturefd LLC now owns 7,648 shares of the energy company's stock worth $471,000 after acquiring an additional 150 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Imperial Oil by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company's stock worth $241,000 after purchasing an additional 163 shares during the period. Group One Trading LLC raised its position in shares of Imperial Oil by 29.7% during the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock worth $47,000 after purchasing an additional 173 shares during the period. Gold Investment Management Ltd. raised its position in shares of Imperial Oil by 0.7% during the fourth quarter. Gold Investment Management Ltd. now owns 27,904 shares of the energy company's stock worth $1,719,000 after purchasing an additional 186 shares during the period. Finally, OLD National Bancorp IN raised its position in shares of Imperial Oil by 5.0% during the fourth quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company's stock worth $241,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 20.74% of the company's stock.

Imperial Oil Stock Down 1.3%

Shares of NYSEAMERICAN:IMO traded down $0.91 during mid-day trading on Friday, reaching $70.91. 375,880 shares of the stock were exchanged, compared to its average volume of 451,444. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The company has a market cap of $36.10 billion, a P/E ratio of 10.76 and a beta of 1.44. Imperial Oil Limited has a one year low of $58.76 and a one year high of $80.17. The stock's 50 day simple moving average is $68.41 and its 200-day simple moving average is $69.94.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 is Wednesday, June 4th. Imperial Oil's dividend payout ratio (DPR) is currently 25.80%.

Wall Street Analyst Weigh In

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

Imperial Oil Company 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.