Fmr LLC Has $2.66 Billion Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Fmr LLC lifted its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,162,088 shares of the energy company’s stock after buying an additional 6,228,461 shares during the quarter. Fmr LLC owned about 8.48% of Imperial Oil worth $2,659,965,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc. lifted its holdings in Imperial Oil by 2.2% during the 4th quarter. TD Asset Management Inc. now owns 4,825,945 shares of the energy company’s stock valued at $297,268,000 after purchasing an additional 105,970 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Imperial Oil by 29.0% during the 4th quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company’s stock worth $67,634,000 after buying an additional 244,176 shares during the period. JPMorgan Chase & Co. grew its stake in Imperial Oil by 29.0% in the 4th quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company’s stock valued at $58,212,000 after buying an additional 212,707 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Imperial Oil by 13.3% during the third quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock worth $52,885,000 after acquiring an additional 87,914 shares during the period. Finally, Mufg Securities Canada LTD. grew its position in shares of Imperial Oil by 68.9% in the fourth quarter. Mufg Securities Canada LTD. now owns 247,769 shares of the energy company’s stock valued at $15,260,000 after purchasing an additional 101,056 shares during the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on IMO. Scotiabank raised 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 note on Thursday, March 27th. Royal Bank of Canada restated a “sector perform” rating and set a $101.00 target price on shares of Imperial Oil in a research report on Thursday. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, Imperial Oil presently has an average rating of “Hold” and a consensus price target of $106.33.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $63.47 on Friday. The business’s fifty day simple moving average is $69.57. The company has a market capitalization of $32.31 billion, a PE ratio of 9.63 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. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.4972 per share. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.99 annualized dividend and a yield of 3.13%. Imperial Oil’s payout ratio is presently 25.80%.

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.