Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 19.9% during the 4th quarter, Holdings Channel reports. The firm owned 11,699 shares of the energy company’s stock after buying an additional 1,943 shares during the quarter. Blue Trust Inc.’s holdings in Imperial Oil were worth $721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC lifted its holdings in Imperial Oil by 3.7% in the 3rd quarter. FMR LLC now owns 36,933,627 shares of the energy company’s stock valued at $2,598,604,000 after purchasing an additional 1,331,235 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Imperial Oil by 8.4% in 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 purchasing an additional 341,689 shares in the last quarter. Point72 Europe London LLP boosted its holdings in shares of Imperial Oil by 131.2% during the 3rd quarter. Point72 Europe London LLP now owns 356,972 shares of the energy company’s stock worth $25,134,000 after purchasing an additional 202,590 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Imperial Oil by 9.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,107,250 shares of the energy company’s stock worth $148,235,000 after buying an additional 187,158 shares during the last quarter. Finally, Bridgewater Associates LP increased its stake in shares of 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 acquiring an additional 168,831 shares during the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Imperial Oil Price Performance

Shares of IMO opened at $70.18 on Thursday. Imperial Oil Limited has a 1 year low of $55.82 and a 1 year high of $80.17. The stock has a market cap of $35.73 billion, a PE ratio of 10.46 and a beta of 1.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44.

Imperial Oil Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd were paid a dividend of $0.4304 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.72 annualized dividend and a yield of 2.45%. Imperial Oil’s payout ratio is 25.34%.

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.