Sava Infond d.o.o. Makes New $209,000 Investment in Imperial Oil Limited (NYSEAMERICAN:IMO)

Sava Infond d.o.o. bought a new stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,400 shares of the energy company’s stock, valued at approximately $209,000.

A number of other hedge funds have also made changes to their positions in IMO. Winch Advisory Services LLC bought a new stake in Imperial Oil in the fourth quarter valued at about $26,000. BNP Paribas Financial Markets acquired a new position in shares of Imperial Oil in the 3rd quarter worth approximately $28,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Imperial Oil in the 4th quarter valued at approximately $41,000. Allworth Financial LP raised its position in shares of Imperial Oil by 21.0% during the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock valued at $100,000 after acquiring an additional 283 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Imperial Oil during the third quarter worth $137,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Down 1.2 %

IMO stock opened at $72.27 on Friday. 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 business has a 50-day moving average price of $69.21. The firm has a market cap of $36.79 billion, a PE ratio of 10.97 and a beta of 1.44. Imperial Oil Limited has a fifty-two week low of $60.95 and a fifty-two week high of $80.17.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Wednesday, March 5th. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s payout ratio is 25.80%.

Analyst Ratings Changes

IMO has been the subject of several recent research reports. The Goldman Sachs Group lowered shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research note on Thursday. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. Finally, Scotiabank raised Imperial Oil to a “hold” rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.00.

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.