16,000 Shares of Imperial Oil Limited $IMO Purchased by MFF Capital Investments Ltd

MFF Capital Investments Ltd acquired a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,000 shares of the energy company’s stock, valued at approximately $1,969,000. Imperial Oil comprises 0.1% of MFF Capital Investments Ltd’s portfolio, making the stock its 24th biggest position.

A number of other hedge funds have also made changes to their positions in the business. TD Waterhouse Canada Inc. lifted its stake in Imperial Oil by 3.3% during the third quarter. TD Waterhouse Canada Inc. now owns 734,540 shares of the energy company’s stock worth $90,977,000 after purchasing an additional 23,508 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Imperial Oil in the first quarter valued at approximately $93,097,000. Swiss National Bank increased its stake in Imperial Oil by 23.6% in the first quarter. Swiss National Bank now owns 569,676 shares of the energy company’s stock valued at $74,508,000 after purchasing an additional 108,700 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Imperial Oil in the second quarter valued at approximately $24,051,000. Finally, OMERS ADMINISTRATION Corp raised its holdings in Imperial Oil by 1.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 162,648 shares of the energy company’s stock worth $21,236,000 after purchasing an additional 2,907 shares in the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on IMO shares. Canadian Imperial Bank of Commerce restated an “underperform” rating on shares of Imperial Oil in a research report on Friday, October 9th. Scotiabank restated a “sector perform” rating on shares of Imperial Oil in a report on Monday, October 19th. Desjardins raised shares of Imperial Oil to a “hold” rating in a research report on Thursday, July 16th. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research report on Wednesday, August 5th. Finally, UBS Group reiterated a “buy” rating on shares of Imperial Oil in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $116.00.

Imperial Oil Stock Down 0.2%

Imperial Oil stock opened at $123.28 on Wednesday. The company has a market capitalization of $58.19 billion, a P/E ratio of 12.68 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.12 and a current ratio of 1.30. Imperial Oil Limited has a fifty-two week low of $83.27 and a fifty-two week high of $139.44. The stock has a 50-day simple moving average of $128.71 and a 200-day simple moving average of $124.67.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 1st. Shareholders of record on Thursday, December 3rd will be paid a C$0.87 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Imperial Oil’s payout ratio is currently 38.09%.

Imperial Oil Company Profile

Imperial Oil is an integrated energy company based in Calgary, Alberta, with operations spanning oil and natural gas production, refining, and the marketing of fuels and other petroleum products. Founded in 1880, it is one of Canada’s longest-standing petroleum companies and is majority-owned by Exxon Mobil. The company produces oil and natural gas from conventional resources and oil sands, including operations at Cold Lake and Kearl, as well as its participation in the Syncrude project. Its downstream business refines crude oil into transportation fuels and other products, which it sells in Canada primarily through the Esso and Mobil brands.