Gotham Asset Management LLC Has $601,000 Stock Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Gotham Asset Management LLC lowered its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 59.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,755 shares of the energy company’s stock after selling 14,080 shares during the period. Gotham Asset Management LLC’s holdings in Imperial Oil were worth $601,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC increased its position in Imperial Oil by 16.9% during the 4th quarter. FMR LLC now owns 43,162,088 shares of the energy company’s stock valued at $2,659,965,000 after purchasing an additional 6,228,461 shares during the period. Geode Capital Management LLC boosted its stake in shares of Imperial Oil by 29.0% in the 4th quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company’s stock valued at $67,634,000 after purchasing an additional 244,176 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 212,707 shares during the last quarter. Guardian Partners Inc. acquired a new stake in shares of Imperial Oil during the fourth quarter worth $10,890,000. Finally, Raymond James Financial Inc. bought a new position in Imperial Oil during the fourth quarter worth $7,982,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Price Performance

Shares of NYSEAMERICAN:IMO opened at $72.50 on Monday. Imperial Oil Limited has a twelve month low of $58.76 and a twelve month high of $80.17. The stock’s 50 day moving average is $68.04 and its 200-day moving average is $69.81. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $36.91 billion, a price-to-earnings ratio of 11.00 and a beta of 1.44.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 4th will be paid a $0.523 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.89%. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is 25.80%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on IMO shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $101.00 price target on shares of Imperial Oil in a research report on Thursday, April 3rd. Wolfe Research raised Imperial Oil from a “peer perform” rating to an “outperform” rating in a research note on Monday, April 21st. Raymond James reiterated an “outperform” rating on shares of Imperial Oil in a report on Monday, May 5th. The Goldman Sachs Group cut Imperial Oil from a “neutral” rating to a “sell” rating in a report on Thursday, March 27th. Finally, Scotiabank raised shares of Imperial Oil to a “hold” rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Imperial Oil presently has an average rating of “Hold” and an average target price of $106.33.

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.