Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 116.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,470 shares of the energy company's stock after purchasing an additional 9,940 shares during the quarter. First Trust Advisors LP's holdings in Imperial Oil were worth $1,138,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new stake in Imperial Oil during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Imperial Oil in the 4th quarter valued at approximately $41,000. Allworth Financial LP grew its stake in shares of Imperial Oil by 21.0% in the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock worth $100,000 after acquiring an additional 283 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Imperial Oil in the third quarter valued at $137,000. Finally, Quantbot Technologies LP purchased a new position in Imperial Oil in the fourth quarter valued at $193,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Imperial Oil Stock Performance

Shares of IMO stock traded up $1.64 during mid-day trading on Friday, hitting $71.17. 315,496 shares of the stock were exchanged, compared to its average volume of 451,585. Imperial Oil Limited has a 12-month low of $58.76 and a 12-month high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. The stock has a market capitalization of $36.23 billion, a price-to-earnings ratio of 10.80 and a beta of 1.44. The stock's fifty day simple moving average is $67.51 and its two-hundred day simple moving average is $69.72.

Imperial Oil Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, June 4th. This represents a $2.09 dividend on an annualized basis and a yield of 2.94%. This is a boost from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's payout ratio 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.