Vise Technologies Inc. Boosts Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Vise Technologies Inc. grew its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 70.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,002 shares of the energy company's stock after acquiring an additional 5,361 shares during the quarter. Vise Technologies Inc.'s holdings in Imperial Oil were worth $801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IMO. Wingate Wealth Advisors Inc. bought a new stake in Imperial Oil during the fourth quarter worth about $41,000. Group One Trading LLC raised its holdings in shares of 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 buying an additional 173 shares in the last quarter. Allworth Financial LP lifted its position in Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock worth $100,000 after buying an additional 283 shares during the last quarter. Natixis purchased a new stake in Imperial Oil in the fourth quarter worth approximately $190,000. Finally, Quantbot Technologies LP bought a new position in Imperial Oil during the fourth quarter valued at approximately $193,000. Hedge funds and other institutional investors own 20.74% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a report on Monday, April 21st. 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. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $101.00 target price on shares of Imperial Oil in a research note on Thursday, April 3rd. Finally, Raymond James reaffirmed an "outperform" rating on shares of Imperial Oil in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $106.33.

Imperial Oil Stock Up 0.1%

Shares of IMO stock traded up $0.10 during mid-day trading on Thursday, hitting $71.82. The company's stock had a trading volume of 337,465 shares, compared to its average volume of 450,608. The stock has a market cap of $36.56 billion, a price-to-earnings ratio of 10.90 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $80.17. The business has a 50-day moving average price of $68.48 and a 200 day moving average price of $69.91.

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 paid a $0.523 dividend. This represents a $2.09 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, June 4th. This is a boost from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's dividend payout ratio is 25.80%.

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.