XTX Topco Ltd Boosts Stock Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

XTX Topco Ltd grew its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 17.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,269 shares of the energy company’s stock after purchasing an additional 1,230 shares during the quarter. XTX Topco Ltd’s holdings in Imperial Oil were worth $583,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV grew its holdings in Imperial Oil by 5.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,266 shares of the energy company’s stock valued at $223,000 after purchasing an additional 158 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Imperial Oil by 5.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,308 shares of the energy company’s stock worth $237,000 after acquiring an additional 163 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Imperial Oil by 5.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,753 shares of the energy company’s stock worth $265,000 after acquiring an additional 178 shares during the last quarter. CWM LLC lifted its holdings in Imperial Oil by 8.7% during the second quarter. CWM LLC now owns 2,319 shares of the energy company’s stock valued at $158,000 after purchasing an additional 185 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Imperial Oil by 21.0% during the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after purchasing an additional 234 shares during the period. 20.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on IMO. Scotiabank reissued a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a research report on Wednesday, September 25th. StockNews.com downgraded Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th.

Imperial Oil Stock Down 7.0 %

Shares of NYSEAMERICAN:IMO opened at $68.24 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23. The company has a market cap of $35.34 billion, a P/E ratio of 10.39 and a beta of 1.42. Imperial Oil Limited has a 12 month low of $53.39 and a 12 month high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be given a $0.4304 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.52%. Imperial Oil’s dividend payout ratio (DPR) is presently 26.38%.

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.