Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Gold Investment Management Ltd.

Gold Investment Management Ltd. raised its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,904 shares of the energy company’s stock after acquiring an additional 186 shares during the period. Gold Investment Management Ltd.’s holdings in Imperial Oil were worth $1,719,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IMO. FMR LLC increased its stake in shares of Imperial Oil by 3.7% during the third quarter. FMR LLC now owns 36,933,627 shares of the energy company’s stock worth $2,598,604,000 after acquiring an additional 1,331,235 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Imperial Oil by 8.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,420,002 shares of the energy company’s stock valued at $311,175,000 after purchasing an additional 341,689 shares in the last quarter. Point72 Europe London LLP increased its position in Imperial Oil by 131.2% during the 3rd quarter. Point72 Europe London LLP now owns 356,972 shares of the energy company’s stock worth $25,134,000 after purchasing an additional 202,590 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Imperial Oil by 9.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,107,250 shares of the energy company’s stock valued at $148,235,000 after buying an additional 187,158 shares during the period. Finally, Bridgewater Associates LP lifted its holdings in shares of Imperial Oil by 522.8% in the 3rd quarter. Bridgewater Associates LP now owns 201,126 shares of the energy company’s stock valued at $14,166,000 after buying an additional 168,831 shares during the period. 20.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IMO. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Stock Performance

Shares of IMO opened at $67.90 on Monday. Imperial Oil Limited has a fifty-two week low of $60.95 and a fifty-two week high of $80.17. The firm has a market cap of $34.56 billion, a P/E ratio of 10.30 and a beta of 1.44. The company has a fifty day simple moving average of $67.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.4972 per share. The ex-dividend date is Wednesday, March 5th. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a dividend yield of 2.93%. Imperial Oil’s payout ratio is currently 25.80%.

About Imperial Oil

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.