Voloridge Investment Management LLC Boosts Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Voloridge Investment Management LLC increased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 20.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 389,248 shares of the energy company's stock after acquiring an additional 65,011 shares during the period. Voloridge Investment Management LLC owned about 0.08% of Imperial Oil worth $23,978,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. bought a new position in Imperial Oil in the 4th quarter worth about $41,000. Group One Trading LLC grew its stake in Imperial Oil by 29.7% in 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 in the last quarter. Allworth Financial LP increased its holdings in Imperial Oil by 21.0% during the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock worth $100,000 after purchasing an additional 283 shares during the period. Natixis purchased a new position in Imperial Oil during the 4th quarter worth $190,000. Finally, Quantbot Technologies LP bought a new stake in Imperial Oil during the 4th quarter valued at $193,000. Hedge funds and other institutional investors own 20.74% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on IMO shares. Royal Bank of Canada reissued a "sector perform" rating and set a $101.00 target price on shares of Imperial Oil in a research report on Thursday, April 3rd. Wolfe Research upgraded Imperial Oil from a "peer perform" rating to an "outperform" rating in a report on Monday, April 21st. Raymond James reissued an "outperform" rating on shares of Imperial Oil in a research report on Monday, May 5th. Scotiabank raised Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Finally, The Goldman Sachs Group lowered Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Two 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $106.33.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN IMO traded up $0.32 during midday trading on Tuesday, reaching $72.01. The company had a trading volume of 99,535 shares, compared to its average volume of 450,121. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $80.17. The business's 50-day simple moving average is $68.45 and its 200 day simple moving average is $69.88. 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 stock has a market cap of $36.66 billion, a P/E ratio of 10.93 and a beta of 1.44.

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 given a dividend of $0.523 per share. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. This represents a $2.09 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil's dividend payout ratio (DPR) is currently 25.80%.

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.