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

Vise Technologies Inc. raised its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 70.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,002 shares of the energy company's stock after buying an additional 5,361 shares during the quarter. Vise Technologies Inc.'s holdings in Imperial Oil were worth $801,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Mediolanum International Funds Ltd lifted its stake in shares of Imperial Oil by 42.8% in the 4th quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company's stock valued at $874,000 after purchasing an additional 4,308 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 bought a new stake in shares of Imperial Oil in the 4th quarter valued at approximately $258,000. Envestnet Asset Management Inc. lifted its stake in shares of Imperial Oil by 8.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 63,193 shares of the energy company's stock valued at $3,893,000 after purchasing an additional 5,181 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Imperial Oil in the 4th quarter valued at approximately $7,982,000. Hedge funds and other institutional investors own 20.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IMO shares. Wolfe Research raised Imperial Oil from a "peer perform" rating to an "outperform" rating in a research note on Monday, April 21st. Scotiabank upgraded Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. The Goldman Sachs Group downgraded Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Royal Bank of Canada restated a "sector perform" rating and set a $101.00 price objective on shares of Imperial Oil in a report on Thursday, April 3rd. Finally, Raymond James restated an "outperform" rating on shares of Imperial Oil in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Imperial Oil presently has a consensus rating of "Hold" and an average price target of $106.33.

Imperial Oil Stock Performance

IMO traded down $0.79 on Friday, reaching $71.03. 100,649 shares of the stock were exchanged, compared to its average volume of 449,766. The company's 50-day moving average price is $68.46 and its 200 day moving average price is $69.93. 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 debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. The firm has a market capitalization of $36.16 billion, a PE ratio of 10.77 and a beta of 1.44.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th will be issued a $0.523 dividend. 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 dividend on an annualized basis and a yield of 2.95%. Imperial Oil's dividend payout ratio is presently 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.