Parallel Advisors LLC Buys 345 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Parallel Advisors LLC lifted its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,821 shares of the energy company’s stock after purchasing an additional 345 shares during the period. Parallel Advisors LLC’s holdings in Imperial Oil were worth $420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Imperial Oil by 3.7% in the 3rd quarter. FMR LLC now owns 36,933,627 shares of the energy company’s stock worth $2,598,604,000 after buying an additional 1,331,235 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Imperial Oil by 8.4% in the third quarter. The Manufacturers Life Insurance Company now owns 4,420,002 shares of the energy company’s stock worth $311,175,000 after acquiring an additional 341,689 shares during the period. Geode Capital Management LLC grew its holdings in Imperial Oil by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock worth $59,502,000 after acquiring an additional 70,357 shares in the last quarter. National Bank of Canada FI increased its position in Imperial Oil by 13.3% during the 3rd quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock valued at $52,885,000 after purchasing an additional 87,914 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Imperial Oil by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 548,554 shares of the energy company’s stock valued at $38,630,000 after purchasing an additional 16,555 shares during the period. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Down 0.1 %

Shares of IMO opened at $71.21 on Friday. The company has a 50 day moving average price of $68.46. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a twelve month low of $60.95 and a twelve month high of $80.17. The firm has a market capitalization of $36.25 billion, a P/E ratio of 10.81 and a beta of 1.44.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be paid a dividend of $0.4972 per share. This represents a $1.99 annualized dividend and a yield of 2.79%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil’s payout ratio is 25.80%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on IMO shares. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.