Blue Trust Inc. Has $645,000 Stock Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Blue Trust Inc. boosted its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 7.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,468 shares of the energy company’s stock after buying an additional 712 shares during the period. Blue Trust Inc.’s holdings in Imperial Oil were worth $645,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its holdings in Imperial Oil by 3.7% during the 3rd quarter. FMR LLC now owns 36,933,627 shares of the energy company’s stock worth $2,598,604,000 after buying an additional 1,331,235 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Imperial Oil by 8.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,420,002 shares of the energy company’s stock worth $311,175,000 after acquiring an additional 341,689 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Imperial Oil by 9.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,107,250 shares of the energy company’s stock worth $148,235,000 after acquiring an additional 187,158 shares in the last quarter. Geode Capital Management LLC grew 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 worth $59,502,000 after acquiring an additional 70,357 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Imperial Oil by 13.3% during the 3rd quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock worth $52,885,000 after acquiring an additional 87,914 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Price Performance

NYSEAMERICAN:IMO opened at $69.25 on Monday. Imperial Oil Limited has a 1-year low of $58.60 and a 1-year high of $80.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23. The firm has a market capitalization of $35.25 billion, a P/E ratio of 10.51 and a beta of 1.44.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be paid a $0.4972 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a dividend yield of 2.87%. Imperial Oil’s dividend payout ratio (DPR) is currently 25.80%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. 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. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.