Aigen Investment Management LP Invests $1.21 Million in Imperial Oil Limited (NYSEAMERICAN:IMO)

Aigen Investment Management LP purchased a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,601 shares of the energy company’s stock, valued at approximately $1,208,000.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Imperial Oil by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock valued at $59,502,000 after buying an additional 70,357 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in shares of Imperial Oil by 42.8% during the 4th quarter. Mediolanum International Funds Ltd now owns 14,364 shares of the energy company’s stock valued at $874,000 after buying an additional 4,308 shares in the last quarter. Bridgewater Associates LP lifted its stake in Imperial Oil by 522.8% in the 3rd quarter. Bridgewater Associates LP now owns 201,126 shares of the energy company’s stock worth $14,166,000 after purchasing an additional 168,831 shares in the last quarter. National Bank of Canada FI lifted its stake in Imperial Oil by 13.3% in the 3rd quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock worth $52,885,000 after purchasing an additional 87,914 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Imperial Oil in the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Down 2.3 %

NYSEAMERICAN:IMO opened at $64.20 on Thursday. Imperial Oil Limited has a 52 week low of $60.95 and a 52 week high of $80.17. The company’s 50 day moving average price is $67.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.23. The stock has a market capitalization of $32.68 billion, a PE ratio of 9.74 and a beta of 1.44.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.4972 per share. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.99 dividend on an annualized basis and a yield of 3.10%. Imperial Oil’s dividend payout ratio is presently 25.80%.

Wall Street Analyst Weigh In

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

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.