Imperial Oil Limited (NYSEAMERICAN:IMO) Stake Lifted by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 110.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,179 shares of the energy company’s stock after acquiring an additional 22,664 shares during the period. Intech Investment Management LLC’s holdings in Imperial Oil were worth $2,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Winch Advisory Services LLC purchased a new stake in shares of Imperial Oil in the 4th quarter valued at approximately $26,000. BNP Paribas Financial Markets purchased a new stake in shares of Imperial Oil in the 3rd quarter valued at approximately $28,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Imperial Oil in the 4th quarter valued at approximately $41,000. Allworth Financial LP lifted its position in shares of Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock valued at $100,000 after acquiring an additional 283 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Imperial Oil in the 3rd quarter valued at approximately $137,000. 20.74% of the stock is owned by institutional investors and hedge funds.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $70.32 on Thursday. 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 cap of $35.80 billion, a price-to-earnings ratio of 10.67 and a beta of 1.44. The stock has a fifty day moving average of $68.06. Imperial Oil Limited has a 52-week low of $60.95 and a 52-week high of $80.17.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be given a $0.4972 dividend. This represents a $1.99 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, March 5th. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s dividend payout ratio (DPR) is presently 25.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IMO shares. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Company 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.