Fmr LLC Purchases 6,228,461 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Fmr LLC lifted its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 16.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,162,088 shares of the energy company’s stock after purchasing an additional 6,228,461 shares during the period. Fmr LLC owned about 0.08% of Imperial Oil worth $2,659,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Imperial Oil by 2.0% during the 4th quarter. Signaturefd LLC now owns 7,648 shares of the energy company’s stock worth $471,000 after buying an additional 150 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Imperial Oil by 4.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company’s stock worth $241,000 after acquiring an additional 163 shares during the period. Gold Investment Management Ltd. boosted its holdings in Imperial Oil by 0.7% in the fourth quarter. Gold Investment Management Ltd. now owns 27,904 shares of the energy company’s stock valued at $1,719,000 after acquiring an additional 186 shares during the last quarter. OLD National Bancorp IN boosted its holdings in Imperial Oil by 5.0% in the fourth quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company’s stock valued at $241,000 after acquiring an additional 187 shares during the last quarter. Finally, Allworth Financial LP increased its position in Imperial Oil by 21.0% during the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock valued at $100,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Performance

IMO stock opened at $63.47 on Friday. The business’s 50 day moving average price is $69.57. The firm has a market cap of $32.31 billion, a P/E ratio of 9.63 and a beta of 1.44. 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 fifty-two week low of $60.95 and a fifty-two week high of $80.17.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th were issued a $0.4972 dividend. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Wednesday, March 5th. Imperial Oil’s dividend payout ratio (DPR) is currently 25.80%.

Analyst Ratings Changes

A number of research firms have recently commented on IMO. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $101.00 price objective on shares of Imperial Oil in a research note on Thursday. The Goldman Sachs Group downgraded Imperial Oil from a “neutral” rating to a “sell” rating in a report on Thursday, March 27th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Scotiabank raised Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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.